Texas Republican Senator Ted Cruz is pushing america Congress to undertake cryptocurrency inside its halls utilizing an incentive either side would possibly agree on — meals.
Cruz launched a concurrent decision dated Jan. 25 that might solely permit merchandising machine and meals service contractors that settle for crypto as a fee choice throughout the U.S. Capitol.
If adopted, the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the Home of Representatives could be required to search out the crypto-accepting meals and merchandising corporations.
On the time of writing, the textual content of the decision was not publicly accessible on the Congress web site. It’s unknown the potential value of implementing the measure, or if the decision would require contractors to take fee in sure cryptocurrencies.
Cointelegraph contacted Cruz’s workplace for remark however didn’t instantly obtain a response.
Cruz has lengthy been a vocal advocate for cryptocurrencies, particularly lauding Bitcoin (BTC) for its decentralization. At roughly this time final 12 months, the senator purchased between $15,000 and $50,000 value of BTC, in accordance with a monetary disclosure.
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He’s one among solely eight recognized crypto buyers in Congress, in accordance with the “Bitcoin Politicians” crowdsourced information challenge.
The listing additionally consists of Cynthia Lummis, the Wyoming senator behind a pro-crypto piece of laws and Pat Toomey, a Pennsylvanian senator who not too long ago launched a stablecoin invoice aiming to create a regulatory framework for funds.
Senator Cruz additionally has signaled his curiosity to make his residence state of Texas an oasis for Bitcoin and different cryptocurrencies, saying crypto mining might be used to monetize the power from oil and fuel extraction and the exercise could also be used as an alternate means of storing power.
The decision put ahead by Cruz will must be agreed to in each the Senate and the Home earlier than it may be adopted.
