A U.S. lawmaker has launched a decision that encourages Capitol present outlets to simply accept cryptocurrency funds. He confused that lawmakers “ought to improve accessibility and sign our help for the burgeoning cryptocurrency trade to those that go to Capitol Hill.”
US Senator Advocates Crypto Funds
U.S. Senator Ted Cruz (R-TX) introduced Thursday that he has reintroduced the Adopting Cryptocurrency in Congress as an Alternate of Fee for Transactions (ACCEPT) Decision. Cruz first launched this decision in November 2021. The senator from Texas stated:
Cryptocurrency is producing new jobs, encouraging entrepreneurs to invent new values and creating new hedges in opposition to inflation, and presenting new alternatives. It’s also more and more getting used as a safe type of cost for items and providers.
“That is exactly why we, right here at america Capitol, ought to improve accessibility and sign our help for the burgeoning cryptocurrency trade to those that go to 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 Home of Representatives to encourage Capitol present outlets to simply accept cryptocurrency as a type of cost.” They might even be required “to enter into contracts with distributors who settle for cryptocurrency as cost for meals service and in merchandising machines throughout the Capitol complicated.”
Cruz additional stated:
An added benefit of utilizing cryptocurrency as a type of cost within the Capitol is that it could present overseas vacationers who go to our nation’s capital every year with a secure and safe cost possibility with out the necessity to pay pointless and infrequently expensive foreign money change charges.
The lawmaker has lengthy been a pro-bitcoin senator. In Could final 12 months, he stated he’s “extremely bullish” on bitcoin. “I’ve a weekly purchase that’s an automated purchase each week of bitcoin as a result of I consider in dollar-cost averaging,” he famous on the time.
Senator Cruz additionally launched a invoice in April final 12 months to ban the Federal Reserve from growing a direct-to-consumer central financial institution digital foreign money (CBDC) “which could possibly be used as a monetary surveillance instrument by the federal authorities, related to what’s presently occurring in China,” Cruz famous.
What do you consider Senator Ted Cruz pushing for present outlets on Capitol Hill to simply accept funds in cryptocurrency? Tell us within the feedback part under.
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