Texas Republican Senator Ted Cruz is pushing the USA Congress to undertake cryptocurrency inside its halls utilizing an incentive each side may agree on — meals.
Cruz launched a concurrent decision dated Jan. 25 that may solely permit merchandising machine and meals service contractors that settle for crypto as a fee choice inside the U.S. Capitol.
If adopted, the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the Home of Representatives could be required to search out the crypto-accepting meals and merchandising corporations.
On the time of writing, the textual content of the decision was not publicly out there on the Congress web site. It’s unknown the potential price of implementing the measure, or if the decision would require contractors to take fee in sure cryptocurrencies.
The U.S. Capital Cafe may very well be one of many purveyors required to take crypto funds. Supply: Google
Cointelegraph contacted Cruz’s workplace for remark however didn’t instantly obtain a response.
Cruz has lengthy been a vocal advocate for cryptocurrencies, particularly lauding Bitcoin (BTC) for its decentralization. At roughly this time final yr, the senator purchased between $15,000 and $50,000 price of BTC, in accordance with a monetary disclosure.
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He’s one among solely eight identified crypto buyers in Congress, in accordance with the “Bitcoin Politicians” crowdsourced knowledge venture.
The checklist additionally consists of Cynthia Lummis, the Wyoming senator behind a pro-crypto piece of laws and Pat Toomey, a Pennsylvanian senator who just lately launched a stablecoin invoice aiming to create a regulatory framework for funds.
Senator Cruz additionally has signaled his curiosity to make his dwelling state of Texas an oasis for Bitcoin and different cryptocurrencies, saying crypto mining may very well be used to monetize the power from oil and gasoline extraction and the exercise could also be used as an alternate method of storing power.
The decision put ahead by Cruz will should be agreed to in each the Senate and the Home earlier than it may be adopted.