US Senator proposes that Congress adopt cryptocurrency for payment purposes.
Senator Ted Cruz of Texas has introduced legislation that would position Congress to lead in the field of cryptocurrency by allowing cryptocurrency payments to be accepted in congressional cafeterias, vending machines, and gift shops. “Congress is typically slow to adopt new technology,” he said.
On Monday, U.S. Senator Ted Cruz introduced a resolution in the Senate titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also known as the “ACCEPT Resolution.”
The resolution suggests that cryptocurrency be accepted at “restaurants, vending machines, and gift shops throughout the Capitol Complex.” According to the resolution’s text:
The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives shall each … solicit and enter into contracts to provide food service and vending machines in such Capitol Buildings with persons that will accept digital assets as payment for goods.
The resolution also states that they will “encourage the gift shops in such Capitol Buildings to accept digital assets as payment for goods.”
Cruz told Breitbart News on Monday that Congress can lead in the field of cryptocurrencies by accepting them as payment and raising crypto awareness in the chamber.
“As consumers better understand and embrace cryptocurrency, merchants are increasingly accepting crypto as a payment method. Congress is typically slow to adopt new technology,” the Texas senator told the publication, adding:
My bill would position Congress to lead on this issue by having congressional cafeterias, vending machines, and gift shops accept crypto payments.