US Senator Ted Cruz pushes for crypto in Congress… utilizing snacks

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Texan Republican Senator Ted Cruz is pushing the USA Congress to undertake cryptocurrency inside its halls utilizing an incentive either side might agree on — meals.

Cruz launched a concurrent resolution dated Jan. 25 that will solely permit merchandising machine and meals service contractors that settle for crypto as a payment possibility inside 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 can be required to seek out the crypto-accepting meals and merchandising corporations.

On the time of writing the textual content of the decision was not publicly obtainable on the Congress web site. It’s unknown the potential value of implementing the measure, or if the decision would require contractors to take cost in sure cryptocurrencies.

The U.S. Capital Cafe may very well be one of many purveyors required to take crypto funds. Picture: Google

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 price of BTC in keeping with a financial disclosure.

Associated: Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

He’s one in all solely eight identified crypto investors in Congress in keeping with the “Bitcoin Politicians” crowdsourced knowledge venture.

The record additionally contains Cynthia Lummis, the Wyoming Senator behind a pro-crypto piece of legislation and Pat Toomey, a Pennsylvanian Senator who recently introduced a stablecoin bill aiming to create a regulatory framework for funds.

Senator Cruz additionally has signaled his curiosity to make his house state of Texas an oasis for Bitcoin and different cryptocurrencies, saying crypto mining may very well be used to monetize the vitality from oil and gasoline extraction and the exercise could also be used as an alternate manner of storing vitality.

The decision put ahead by Cruz will should be agreed to in each the Senate and the Home earlier than it may be adopted.