U.S. Senator Ted Cruz of Texas submitted a decision on the Senate flooring Monday that will require the acceptance of cryptocurrency funds in any respect reward outlets, eating places and merchandising machines situated throughout the Capitol Advanced. The decision, titled Adopting Cryptocurrency in Congress as an Trade of Fee for Transactions, or ACCEPT, additionally prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Advanced — from getting into into contracts that preclude the usage of cryptocurrency as a type of fee supplied that they “are cost-effective and value-centered for patrons.”
Cruz said in an interview with Breitbart information “As customers higher perceive and embrace cryptocurrency, retailers are more and more accepting crypto as a fee technique. Congress is usually gradual to undertake new expertise. My invoice would place Congress to guide on this challenge.”
In October, Cruz made headlines for saying that wasted natural gas could be used to mine bitcoin and shore up the Texas electrical grid on the Texas Blockchain summit. This September, Cruz opposed Biden nominee Saule Omarova for Comptroller of the Foreign money partially on the grounds that she would over-regulate crypto. This previous August, Cruz introduced an modification to an infrastructure invoice that will have nixed a provision requiring the reporting of crypto transactions over $10,000.