• US Senator Ted Cruz (R-TX) has introduced a resolution that encourages Capitol gift shops to accept cryptocurrency as a form of payment.
• The resolution requires the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to encourage Capitol gift shops to accept cryptocurrency payments.
• The resolution also requires them to enter into contracts with vendors who accept cryptocurrency as payment for food service and in vending machines within the Capitol complex.
The United States Capitol is the symbolic center of the nation’s democracy and serves as a beacon of freedom and justice. In an effort to further embrace the latest technology and trends, US Senator Ted Cruz (R-TX) has reintroduced the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) Resolution. The resolution encourages Capitol gift shops to accept cryptocurrency payments and signals the lawmaker’s support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.
The adoption of cryptocurrency as a form of payment in the Capitol is seen as a way to provide foreign tourists with a safe and secure payment option without the need to pay unnecessary and often high exchange rates. Additionally, it is seen as a way to increase accessibility and provide an opportunity to support the growth of the cryptocurrency industry.
The resolution, if passed, will require the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to enter into contracts with vendors who accept cryptocurrency as payment for food service and in vending machines within the Capitol complex. They will also be required to encourage Capitol gift shops to accept cryptocurrency payments.
Senator Cruz believes that cryptocurrency is “generating new jobs, encouraging entrepreneurs to invent new values and creating new hedges against inflation, and presenting new opportunities.” He further believes that by making cryptocurrency available and accessible on Capitol Hill, it will help to create a more secure and efficient payment process and will be the first step in embracing the cryptocurrency revolution.
The resolution has been welcomed by the cryptocurrency industry, with many viewing it as a sign that the industry is moving in the right direction. The resolution is seen as an opportunity to legitimize the cryptocurrency industry and show that lawmakers are willing to embrace the technology and the potential benefits it can offer.
The resolution is still pending and is yet to be voted on. Ultimately, the decision to accept cryptocurrency payments lies in the hands of the Capitol gift shops. However, the resolution is a step in the right direction and shows that lawmakers are willing to embrace the cryptocurrency industry and its potential benefits.