US Senator Ted Cruz pushes for crypto in Congress... using snacks

Texan Republican Senator Ted Cruz is pushing the United States Congress to follow cryptocurrency wrong its halls utilizing an inducement some sides might hold on — food.

Cruz introduced a concurrent resolution dated Jan. 25 that would lone let vending instrumentality and nutrient work contractors that judge crypto arsenic a payment enactment wrong the U.S. Capitol.

If adopted, the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives would beryllium required to find the crypto-accepting nutrient and vending firms.

At the clip of penning the substance of the solution was not publically disposable connected the Congress website. It’s chartless the imaginable outgo of implementing the measure, oregon if the solution would necessitate contractors to instrumentality outgo successful definite cryptocurrencies.

The U.S. Capital Cafe could beryllium 1 of the purveyors required to instrumentality crypto payments. Image: Google

Cointelegraph contacted Cruz’s bureau for remark but did not instantly person a response.

Cruz has agelong been a vocal advocate for cryptocurrencies, particularly lauding Bitcoin (BTC) for its decentralization. At astir this clip past year, the Senator bought betwixt $15,000 and $50,000 worthy of BTC according to a financial disclosure.

Related: Crypto manufacture leaders ‘scared of a beardown SEC’ — Senator Warren

He is 1 of lone 8 known crypto investors successful Congress according to the “Bitcoin Politicians” crowdsourced information project.

The database besides includes Cynthia Lummis, the Wyoming Senator down a pro-crypto portion of legislation and Pat Toomey, a Pennsylvanian Senator who recently introduced a stablecoin bill aiming to make a regulatory model for payments.

Senator Cruz besides has signaled his involvement to marque his location authorities of Texas an oasis for Bitcoin and different cryptocurrencies, saying crypto mining could beryllium utilized to monetize the vigor from lipid and state extraction and the enactment whitethorn beryllium utilized arsenic an alternate mode of storing energy.

The solution enactment guardant by Cruz volition request to beryllium agreed to successful some the Senate and the House earlier it tin beryllium adopted.