A U.S. lawmaker has launched a decision that encourages Capitol reward retailers to just accept cryptocurrency funds. He burdened that lawmakers “ought to improve accessibility and sign our help 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 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’s also 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 help 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 retailers to just accept cryptocurrency as a type of fee.” They might 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 mentioned:
An added benefit of utilizing cryptocurrency as a type of fee within the Capitol is that it will present international vacationers who go to our nation’s capital annually with a protected and safe fee choice with out the necessity to pay pointless and sometimes expensive foreign money trade charges.
The lawmaker has lengthy been a pro-bitcoin senator. In Might final 12 months, 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 12 months to ban the Federal Reserve from creating a direct-to-consumer central financial institution digital foreign money (CBDC) “which might be used as a monetary surveillance instrument by the federal authorities, comparable to what’s presently taking place in China,” Cruz famous.
What do you consider Senator Ted Cruz pushing for reward retailers on Capitol Hill to just accept funds in cryptocurrency? Tell us within the feedback part under.
A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.
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