• Senator Ted Cruz of Texas proposed a resolution to allow vendors in the Capitol area to accept payments in cryptocurrency like bitcoin.
• Cruz is an advocate for Bitcoin, citing that it is decentralized and cannot be controlled by the left.
• If passed, this resolution would provide the first primary exposure for Capitol politicians to using BTC as a daily payment method.
Sen. Ted Cruz’s Proposed Resolution
Sen. Ted Cruz (TX-R) has proposed a resolution that would request vendors within the Capitol area to work with payments providers that accept bitcoin. The proposal specifically mentions that restaurants, gift shops and vending machines within Capitol Buildings should work with persons accepting cryptocurrencies such as bitcoin, which would allow the lawmakers of the United States to purchase their on-the-go snacks with sound money as they please.
Sen. Cruz’s Support of Bitcoin
Sen. Cruz has been an outspoken advocate for bitcoin before, saying that, “One of the reasons I’m bullish on Bitcoin is because it’s decentralized. The Left hates Bitcoin because they can’t control it.” Sen. Cruz also sees the benefits of bitcoin mining as a potential boon for Texas, a state which has been at the forefront of the industry since China’s bitcoin mining ban and subsequent hash rate exodus in 2021.
Potential Impact on Politicians
While the move for acceptance at vendors may be perceived as inconsequential, if it passes, it could serve as the first primary exposure for Capitol politicians to using BTC as a daily payment method. Bitcoin can be an abstract concept for those who have not seen its usage in a payments setting, so small resolutions like this can possibly shift perspectives for an on-the-fence politician.
The resolution will need to pass both the House and Senate in order to take effect.
If passed into law, Sen Ted Cruz’s proposed resolution could provide lawmakers within Capitol buildings with access to utilizing cryptocurrency like BitCoin when purchasing items from vendors such as restaurants and gift shops throughout their area—a move which could lead many legislators towards understanding more about blockchain technology and digital currencies moving forward .