US Senator’s Resolution Encourages Capitol Gift Shops to Accept Cryptocurrency

US Lawmaker' Resolution Encourages Capitol Gift Shops to Accept Cryptocurrency

A U.S. lawmaker has launched a decision that encourages Capitol present retailers to simply accept cryptocurrency funds. He harassed that lawmakers “should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.”

US Senator Advocates Crypto Payments

U.S. Senator Ted Cruz (R-TX) introduced Thursday that he has reintroduced the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) Resolution. Cruz first introduced this decision in November 2021. The senator from Texas mentioned:

Cryptocurrency is producing new jobs, encouraging entrepreneurs to invent new values and creating new hedges in opposition to inflation, and presenting new alternatives. It can be more and more getting used as a safe type of cost for items and providers.

“This is precisely why we, here at the United States Capitol, should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill,” he added.

Senator Cruz’ defined that his invoice “would require the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to encourage Capitol gift shops to accept cryptocurrency as a form of payment.” They would even be required “to enter into contracts with vendors who accept cryptocurrency as payment for food service and in vending machines within the Capitol complex.”

Cruz additional mentioned:

An added benefit of utilizing cryptocurrency as a type of cost within the Capitol is that it might present overseas vacationers who go to our nation’s capital every year with a secure and safe cost choice with out the necessity to pay pointless and infrequently pricey forex trade charges.

The lawmaker has lengthy been a pro-bitcoin senator. In May final yr, he mentioned he’s “incredibly bullish” on bitcoin. “I have a weekly buy that’s an automatic buy every week of bitcoin because I believe in dollar-cost averaging,” he famous on the time.

Senator Cruz additionally launched a invoice in April final yr to prohibit the Federal Reserve from growing a direct-to-consumer central financial institution digital forex (CBDC) “which could be used as a financial surveillance tool by the federal government, similar to what is currently happening in China,” Cruz famous.

What do you consider Senator Ted Cruz pushing for present retailers on Capitol Hill to simply accept funds in cryptocurrency? Let us know within the feedback part under.

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