1 year ago
A U.S. lawmaker has introduced a solution that encourages Capitol acquisition shops to judge cryptocurrency payments. He stressed that lawmakers “should summation accessibility and awesome our enactment for the burgeoning cryptocurrency manufacture to those who sojourn Capitol Hill.”
US Senator Advocates Crypto Payments
U.S. Senator Ted Cruz (R-TX) announced Thursday that helium has reintroduced the Adopting Cryptocurrency successful Congress arsenic an Exchange of Payment for Transactions (ACCEPT) Resolution. Cruz first introduced this solution successful November 2021. The legislator from Texas said:
Cryptocurrency is generating caller jobs, encouraging entrepreneurs to invent caller values and creating caller hedges against inflation, and presenting caller opportunities. It is besides progressively being utilized arsenic a unafraid signifier of outgo for goods and services.
“This is precisely wherefore we, present astatine the United States Capitol, should summation accessibility and awesome our enactment for the burgeoning cryptocurrency manufacture to those who sojourn Capitol Hill,” helium added.
Senator Cruz’ explained that his measure “would necessitate the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to promote Capitol acquisition shops to judge cryptocurrency arsenic a signifier of payment.” They would besides beryllium required “to participate into contracts with vendors who judge cryptocurrency arsenic outgo for nutrient work and successful vending machines wrong the Capitol complex.”
Cruz further said:
An added vantage of utilizing cryptocurrency arsenic a signifier of outgo successful the Capitol is that it would supply overseas tourists who sojourn our nation’s superior each twelvemonth with a harmless and unafraid outgo enactment without the request to wage unnecessary and often costly currency speech fees.
The lawmaker has agelong been a pro-bitcoin senator. In May past year, helium said helium is “incredibly bullish” connected bitcoin. “I person a play bargain that’s an automatic bargain each week of bitcoin due to the fact that I judge successful dollar-cost averaging,” helium noted astatine the time.
Senator Cruz besides introduced a measure successful April past twelvemonth to prohibit the Federal Reserve from processing a direct-to-consumer cardinal slope integer currency (CBDC) “which could beryllium utilized arsenic a fiscal surveillance instrumentality by the national government, akin to what is presently happening successful China,” Cruz noted.
What bash you deliberation astir Senator Ted Cruz pushing for acquisition shops connected Capitol Hill to judge payments successful cryptocurrency? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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