US Senator submits decision too enable crypto funds in US Capitol Complex
U.S. Republican Senator Ted Cruz of Texas submitted a decision on the Senate flooring Monday that might require the acceptance of cryptocurrency funds in any respect present outlets, eating places and merchandising machines positioned inside the Capitol advanced. The decision, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, additionally prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Complex — from coming into into contracts which preclude the usage of cryptocurrency as a type of cost supplied that they “are cost-effective and value-centered for patrons.”
Cruz said in an interview with Breitbart information “As consumers better understand and embrace cryptocurrency, merchants are increasingly accepting crypto as a payment method. Congress is typically slow to adopt new technology. My bill would position Congress to lead on this issue.”
In October, Cruz made headlines for saying that wasted pure gasoline could possibly be used to mine bitcoin and shore up the Texas electrical grid on the Texas Blockchain summit. This September, Cruz opposed Biden nominee Saule Omarova for Comptroller of the Currency partially on the grounds that she would over regulate crypto. This previous August, Cruz launched an modification to an infrastructure invoice that might have nixed a provision requiring the reporting of crypto transactions over $10,000.