US Senator Proposes Congress Adopt Cryptocurrency for Payments

US Senator Proposes Congress Adopt Cryptocurrency for Payments

U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator Pushes for Crypto Adoption in Congress

U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday.

The resolution proposes cryptocurrency be accepted at “restaurants, vending machines, and gift shops in the Capitol Complex.” According to the text of the resolution: The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives shall each … solicit and enter into contracts to provide food service and vending machines in such Capitol Buildings with persons that will accept digital assets as payment for goods.

They shall also “encourage the gift shops in such Capitol Buildings to accept digital assets as payment for goods,” the resolution adds.

Cruz told Breitbart News Monday that Congress can lead in the area of cryptocurrencies by adopting them as payment and increasing crypto awareness in Congress.

“As consumers better understand and embrace cryptocurrency, merchants are increasingly accepting crypto as a payment method. Congress is typically slow to adopt new technology,” the senator from Texas explained to the publication, adding: My bill would position Congress to lead on this issue by having congressional cafeterias, vending machines, and gift shops accept crypto payments.

What do you think about Senator Cruz’s crypto adoption proposal? Let us know in the comments section below. Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified REGULATION | 20 hours ago Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals REGULATION | 2 days ago Tags in this story accept crypto, capitol hill, Congress, congress bitcoin, congress crypto, congress cryptocurrency, Merchant Adoption, senator ted cruz, us congress, us senator

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