US Senator Proposes Congress Adopt Cryptocurrency for Payments – Regulation Bitcoin News
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said.
Senator Pushes for Crypto Adoption in Congress
U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday.
The resolution proposes cryptocurrency be accepted at “restaurants, vending machines, and gift shops in the Capitol Complex.” According to the text of the resolution:
The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives shall each … solicit and enter into contracts to provide food service and vending machines in such Capitol Buildings with persons that will accept digital assets as payment for goods.
They shall also “encourage the gift shops in such Capitol Buildings to accept digital assets as payment for goods,” the resolution adds.
Cruz told Breitbart News Monday that Congress can lead in the area of cryptocurrencies by adopting them as payment and increasing crypto awareness in Congress.
“As consumers better understand and embrace cryptocurrency, merchants are increasingly accepting crypto as a payment method. Congress is typically slow to adopt new technology,” the senator from Texas explained to the publication, adding:
My bill would position Congress to lead on this issue by having congressional cafeterias, vending machines, and gift shops accept crypto payments.
What do you think about Senator Cruz’s crypto adoption proposal? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.