BTC $ 38,308.28 -0.138315%
ETH $ 2,751.54 0.461085%
MARKET CAP $ 0%
ICOs 8,615

27/01/2023   US Senator Ted Cruz pushes for crypto in Congress ... using snacks

A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines.

US Senator Ted Cruz pushes for crypto in Congress ... using snacks

Texas Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sidesmight agree on— food.

Cruz introduced a concurrentresolutiondated Jan. 25 that would only allow vending machine and food service contractors that acceptcrypto as a payment option within the U.S. Capitol.

If adopted, the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives would be required to find the crypto-accepting food and vending firms.

At the time of writing, the text of the resolution was not publicly available on the Congress website. It’s unknown the potential cost of implementing the measure, or if the resolution would require contractors to take payment in certain cryptocurrencies.

The U.S. Capital Cafe could be one of the purveyors required to take crypto payments. Source: Google

Cointelegraph contacted Cruz’s office for comment but did not immediately receive a response.

Cruz has long been avocal advocate for cryptocurrencies, especially lauding Bitcoin for its decentralization. At roughly this time last year, the senator bought between $15,000 and $50,000 worth of BTC, according to afinancial disclosure.

He is one of only eight knowncrypto investors in Congress, according to the “Bitcoin Politicians” crowdsourced data project.

The list also includes Cynthia Lummis, the Wyoming senator behind apro-crypto piece of legislationand Pat Toomey, a Pennsylvanian senator whorecently introduced a stablecoin billaiming to create a regulatory framework for payments.

Senator Cruz also has signaled his interest to make his home state of Texas anoasis for Bitcoinand other cryptocurrencies, saying crypto mining could be used to monetize the energy from oil and gas extraction and the activity may be used as an alternate way of storing energy.

The resolution put forward by Cruz will need to be agreed to in both the Senate and the House before it can be adopted.

https://cointelegraph.com/news/us-senator-ted-cruz-pushes-for-crypto-in-congress-using-snacks