A U.S. lawmaker has launched a decision that encourages Capitol present retailers to just accept cryptocurrency funds. He harassed 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 Alternate of Cost 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 fee for items and companies.
“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 present retailers 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 throughout the Capitol advanced.”
Cruz additional stated:
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 every year with a protected and safe fee choice with out the necessity to pay pointless and infrequently expensive forex change charges.
The lawmaker has lengthy been a pro-bitcoin senator. In Might final yr, he stated he’s “extremely bullish” on bitcoin. “I’ve a weekly purchase that’s an computerized 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 yr to prohibit the Federal Reserve from creating a direct-to-consumer central financial institution digital forex (CBDC) “which might be used as a monetary surveillance device by the federal authorities, comparable to what’s at present occurring in China,” Cruz famous.
What do you consider Senator Ted Cruz pushing for present retailers on Capitol Hill to just accept funds in cryptocurrency? Tell us within the feedback part beneath.
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