US Senator’s Resolution Encourages Capitol Gift Shops to Accept Cryptocurrency – Regulation Bitcoin News


A US lawmaker has introduced a resolution encouraging Capitol Hill gift shops to accept cryptocurrency payments. He stressed that lawmakers “should increase accessibility and signal our support for the burgeoning cryptocurrency industry for those who visit the Capitol.”

US Senator Advocates for Crypto Payments

US Senator Ted Cruz (R-TX) announced Thursday that he has reintroduced cryptocurrency adoption in Congress as a Payment for Transactions (ACCEPT) interchange resolution. Cross first introduced this resolution in November 2021. The Texas Senator said:

Cryptocurrency is generating new jobs, encouraging entrepreneurs to invent new values ​​and creating new inflation hedges, and presenting new opportunities. It is also increasingly used as a secure form of payment for goods and services.

“This is precisely why we, here at the United States Capitol, must increase accessibility and show our support for the burgeoning cryptocurrency industry for those who visit the Capitol,” he added.

Senator Cruz explained that his bill would “require the Architect of the Capitol, the Secretary of the Senate, and the Administrative Director of the House of Representatives to encourage Capitol Hill gift shops to accept cryptocurrency as a form of payment.” They would also be required to “enter into contracts with vendors that accept cryptocurrency as payment for food service and at vending machines within the Capitol complex.”

Cruz further said:

An added benefit of using cryptocurrency as a form of payment on Capitol Hill is that it would provide foreign tourists who visit our nation’s capital each year with a secure payment option without the need to pay unnecessary and often often costly currency exchange fees. expensive.

The lawmaker has long been a pro-bitcoin senator. In May of last year, he said that he is “incredibly optimistic” in bitcoin. “I have a weekly purchase that is an automatic purchase every week of bitcoin because I believe in dollar cost averaging,” he noted at the time.

Senator Cruz also introduced a bill in April of last year to ban the federal reserve of the development of a direct-to-consumer central bank digital currency (CBDC) “that could be used as a financial surveillance tool by the federal government, similar to what is currently happening in China,” Cruz noted.

What do you think about Senator Ted Cruz pushing for gift shops on Capitol Hill to accept cryptocurrency payments? Let us know in the comments section.

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kevin helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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