US Senator Ted Cruz Announcing Crypto As A Payment On Capitol Hill In 2023

Key Points:

• US Senator Ted Cruz introduced legislation that would mandate the Senate and House of Representatives to exclusively work with food service and vending machine vendors who take cryptocurrencies.
• Clyde Vanel, a Democrat in the New York State Assembly, also sponsored legislation that would allow state agencies to accept digital asset payments.

Senator Ted Cruz of the United States wants lawmakers in Washington, D.C. to be allowed to buy vending machine food with crypto assets.

Cruz earlier this week introduced legislation that would mandate the Senate and House of Representatives to exclusively work with food service and vending machine vendors who take cryptocurrencies.

Contractors who are interested in offering food services to the Capitol Complex must abide by the resolution.

The resolution would also legally promote such Capitol Building gift stores to accept digital assets as payment for items.

Cryptocurrency is generating new jobs, encouraging entrepreneurs to invent new values and creating new hedges against inflation, and presenting new opportunities. It is also increasingly being used as a secure form of payment for goods and services. This is precisely why we, here at the United States Capitol, should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.

Says Cruz in a press release

In particular, Sen. Cruz’s resolution would require the Capitol Architect, Senate Secretary, and House Chief Administrative Officer to encourage Capitol gift shops to accept cryptocurrency as payment and to enter into contracts with vendors who accept cryptocurrency as payment for food service and vending machines within the Capitol complex.

The use of cryptocurrencies as a means of payment in the Capitol would also allow foreign tourists who visit our nation’s capital each year a safe and secure payment alternative without the need to pay unnecessary and often expensive currency conversion costs.

The proposal was referred to the Senate Rules and Administration Committee.

It was not the only piece of crypto legislation to emerge in the United States this week. Clyde Vanel, a Democrat in the New York State Assembly, sponsored legislation that would allow state agencies to accept digital asset payments.

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