• Senator Ted Cruz has proposed a concurrent resolution that will see vendors in Capitol Hill accept payments in cryptocurrencies.
• Cruz has championed friendly crypto regulations in Texas and has supported the boom of Bitcoin mining activities in the state.
• Cruz proposed an amendment to the $1 trillion infrastructure bill in 2021 to promote the crypto industry.
Senator Ted Cruz has been at the forefront of advocating for the adoption of cryptocurrency in the United States. The Texas senator recently tabled a concurrent resolution that will require vendors in Capitol Hill to accept payments in cryptocurrencies.
Cruz has been a strong supporter of cryptocurrency in Texas, particularly in the area of Bitcoin mining. The senator visited a mining facility in the state last year and pledged to continue advocating for changes that would benefit the crypto industry. He has also proposed an amendment to the $1 trillion infrastructure bill that was being debated in 2021.
The concurrent resolution proposed by Cruz would require the Architect of the Capitol, the Chief Administrative Officer of the House of Representatives, and the Secretary of the Senate to only work with vending machines and contractors that have an option of accepting payments in cryptocurrencies. It is not yet clear how the US Congress will proceed to implement this initiative, but it is a positive step towards the mainstream adoption of cryptocurrency.
Cryptocurrency has grown in popularity in recent years, becoming a viable alternative to traditional payment methods. The decentralized nature of cryptocurrencies, as well as its security features, have made it a popular choice for businesses and individuals alike. By introducing a concurrent resolution that will allow vendors in Capitol Hill to accept payments in cryptocurrencies, Senator Cruz is helping to promote the mainstream adoption of cryptocurrency.
The ultimate goal of this initiative is to increase the accessibility and usability of cryptocurrency, and to bring it further into the mainstream. It is a positive step towards the further adoption of cryptocurrency, and Senator Cruz’s efforts should be commended.