Written by 10:59 pm Cryptocurrency

Sen. Cruz Champions Cryptocurrency with the Reintroduction of the ACCEPT Resolution

WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) has reintroduced the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution, also known as the ACCEPT Resolution.

Sen. Cruz said:

“Cryptocurrency is generating new jobs, encouraging entrepreneurs to invent new values and creating new hedges against inflation, and presenting new opportunities. It is also increasingly being used as a secure form of payment for goods and services. This is precisely why we, here at the United States Capitol, should increase accessibility and signal our support for the burgeoning cryptocurrency industry to those who visit Capitol Hill.”

Background: 

Sen. Cruz’s resolution would require 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 as a form of payment and to enter into contracts with vendors who accept cryptocurrency as payment for food service and in vending machines within the Capitol complex.  An added advantage of using cryptocurrency as a form of payment in the Capitol is that it would provide foreign tourists who visit our nation’s capital each year with a safe and secure payment option without the need to pay unnecessary and often costly currency exchange fees.

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