Categories: Blockchain

The US Senator also presented a solution to enable payments in cryptocurrency in the complex

Texas Republican Senator Ted Cruz tabled a resolution in the Senate on Monday calling for cryptocurrency payments to be accepted in all souvenir shops, restaurants and vending machines automatically located in the Capitol complex. The resolution, titled Passing Cryptocurrency in Congress as a Payment Exchange for Transactions, or ACCEPT, also forbids the Capitol Architect – a president-appointed president who oversees the administration of the Capitol complex – from entering into contracts that allow the use of cryptocurrencies as a means of payment, as long as they are “inexpensive and customer-oriented”.

“As consumers understand and accept cryptocurrency better, merchants are increasingly accepting crypto as a payment method,” Cruz said in an interview with Breitbart News. Congress is often slow to adopt new technologies. My bill would require Congress to take the lead. “

In October, Cruz made headlines when he said wasted natural gas could be used to mine Bitcoin and power the Texas grid at the Texas Blockchain Summit. That September, Cruz turned down Biden-nominated Saule Omarova for the currency’s controller, in part on the grounds that she would overregulate crypto. Last August, Cruz introduced an amendment to the Infrastructure Act that would remove a provision requiring reporting of crypto transactions over $ 10,000.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

18 minutes ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

42 minutes ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

2 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

4 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

4 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

4 hours ago

This website uses cookies.