Mon. Mar 27th, 2023

• Sen. Ted Cruz has proposed a resolution to request vendors within the Capitol area to work with payments providers that accept bitcoin.
• Sen. Cruz sees the potential benefits of bitcoin mining for Texas and believes it is decentralized and cannot be controlled by the Left.
• If this resolution passes, it could serve as an introduction to Capitol politicians to using BTC as a daily payment method.

Sen. Ted Cruz’s Bitcoin Resolution

Proposal

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, specifically mentioning restaurants, gift shops, and vending machines within Capitol Buildings should accept cryptocurrencies such as bitcoin.

Advocacy

Sen. Cruz has been an outspoken advocate for bitcoin in the past, saying that “The Left hates Bitcoin because they can’t control it.” He also sees the potential benefits of bitcoin mining for his state of Texas since China’s bitcoin mining ban in 2021 caused a hash rate exodus from their country.

Potential Impact

If this resolution passes both the House and Senate, it could serve as an introduction for Capitol politicians to using BTC as a daily payment method and help them become more comfortable with this abstract concept of cryptocurrency payments.

Conclusion

Sen. Ted Cruz’s proposal is small but impactful if passed – it would allow lawmakers of the United States to purchase their on-the-go snacks with sound money as they please and help them understand cryptocurrency better through practical usage rather than just theoretical understanding.

By admin