“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.
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