A U.S. lawmaker has launched a decision that encourages Capitol present outlets to simply 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 Trade of Fee 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. It is usually more and more getting used as a safe type of cost 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 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 inside the Capitol complicated.”
Cruz additional mentioned:
An added benefit of utilizing cryptocurrency as a type of cost within the Capitol is that it might present international vacationers who go to our nation’s capital annually with a protected and safe cost possibility with out the necessity to pay pointless and sometimes expensive forex trade charges.
The lawmaker has lengthy been a pro-bitcoin senator. In Could final yr, he mentioned 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 imagine 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 could possibly be used as a monetary surveillance device by the federal authorities, comparable 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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