• U.S. Senator Ted Cruz (R-TX) has introduced a resolution that encourages Capitol gift shops to accept cryptocurrency payments.
• The Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) 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.
• This would provide foreign tourists who visit the nation’s capital each year with a safe and secure payment option without the need to pay unnecessary and often exorbitant foreign transaction fees.
U.S. Senator Ted Cruz (R-TX) has proposed a resolution that would make it easier for tourists visiting the nation’s capital and Capitol Hill to use cryptocurrency when making purchases. The Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions (ACCEPT) Resolution would encourage Capitol gift shops to accept cryptocurrency payments, providing tourists with a safe and secure payment option without the need to pay unnecessary and often exorbitant foreign transaction fees.
Cruz explained that the 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.” This would not only make it easier for foreign tourists to shop in the Capitol, but it would also show support for the burgeoning cryptocurrency industry.
Cruz also emphasized the job growth and value creation made possible by cryptocurrency. He said that “cryptocurrency is generating new jobs, encouraging entrepreneurs to invent new values and creating new hedges against inflation, and presenting new opportunities.” He added that it is “increasingly being used as a secure form of payment for goods and services.”
The resolution is a step forward in the cryptocurrency industry, as it would provide a safe and secure method of payment for tourists visiting the nation’s capital. It would also show support for the cryptocurrency industry, which has created jobs, value, and new opportunities. This resolution could have a significant impact on the Capitol Hill experience, as it would make it easier for tourists to pay for goods and services, and would show support for the cryptocurrency industry.