US Senator Ted Cruz (R-TX) is pushing to promote crypto awareness and widespread acceptance of digital assets with a new resolution.
The legislator submitted the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) resolution on Monday, proposing that administrative managers on Capitol Hill engage the services of merchants that accept cryptocurrencies as payment.
The concurrent resolution also aims to support digital currency payments in congressional gift shops.
“The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives shall each, for the Capitol Buildings that are under their jurisdiction—
(1) subject to subsection (c), 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; and
(2) encourage the gift shops in such Capitol Buildings to accept digital assets as payment for goods.”
Despite pushing for crypto-supporting merchants, the resolution says priority will still be given to cost-effective businesses offering the most value to customers.
Cruz submits his proposal as consumers embrace digital assets and a growing number of merchants begin to accept crypto payments nationwide.
Senator Cruz has been at the forefront of cryptocurrency adoption among US legislators, even suggesting last month that his native state of Texas should utilize natural gas flares for Bitcoin (BTC) mining. His comments earned praise from Coin Metrics co-founder Nic Carter, who said that Cruz’s ideas were “absolutely right.”
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The post US Senator To Propose Bill To Accelerate Crypto Adoption: Report appeared first on The Daily Hodl.
source https://dailyhodl.com/2021/11/04/us-senator-to-propose-bill-to-accelerate-crypto-adoption-report/