A U.S. lawmaker has launched a decision that encourages Capitol reward outlets to just accept cryptocurrency funds. He burdened that lawmakers “ought to improve accessibility and sign our assist 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 Change of Cost for Transactions (ACCEPT) Decision. Cruz first launched 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. Additionally it is more and more getting used as a safe type of fee for items and providers.
“That is exactly why we, right here at the USA Capitol, ought to improve accessibility and sign our assist 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 reward outlets to just accept cryptocurrency as a type of fee.” They’d even be required “to enter into contracts with distributors who settle for cryptocurrency as fee for meals service and in merchandising machines inside the Capitol advanced.”
Cruz additional mentioned:
An added benefit of utilizing cryptocurrency as a type of fee within the Capitol is that it could present international vacationers who go to our nation’s capital annually with a protected and safe fee possibility with out the necessity to pay pointless and infrequently pricey forex alternate charges.
The lawmaker has lengthy been a pro-bitcoin senator. In Might final yr, he mentioned 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 imagine in dollar-cost averaging,” he famous on the time.
Senator Cruz additionally launched a invoice in April final yr to ban the Federal Reserve from creating a direct-to-consumer central financial institution digital forex (CBDC) “which may very well be used as a monetary surveillance device by the federal authorities, comparable to what’s at the moment taking place in China,” Cruz famous.
What do you consider Senator Ted Cruz pushing for reward outlets on Capitol Hill to just accept funds in cryptocurrency? Tell us within the feedback part under.
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