Senator Ted Cruz, a Republican from Texas, is apparently lobbying for the use of cryptocurrency in food in the US Congress. A concurrent resolution was supposedly introduced by the republican senator in the middle of this week.
According to the aforementioned concurrent resolution, all vending machines and food service providers in the United States must accept cryptocurrency as a form of payment. Capitol located inside the Congress. The Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives would be required to locate the crypto-accepting food and vending companies once this resolution has been implemented.
The resolution’s text was not yet easily accessible to the general public on the Congress website. The said resolution still needs to be agreed by both the Senate and the House before it can be adopted. A lot of information is also missing, including the possible cost of enacting the resolution and whether contractors will be required to accept payment in specific cryptocurrencies.
Senator Cruz and His Thoughts on Cryptocurrency
The republican senator has been an outspoken supporter of cryptocurrencies, particularly praising Bitcoin for its decentralization. Senator Cruz is one of only eight known congressional cryptocurrency investors, according to a financial statement from the beginning of 2022. Cruz is said to have purchased between $15,000 and $50,000 worth of bitcoin.
The republican senator has also expressed an interest in making Texas, where he is from, a cryptocurrency hotspot. He allegedly said that cryptocurrency mining might be used to monetize energy from oil and gas extraction and that it might also be used as a different form of energy storage.
Garcia Leaves His Congressional Office
According to the important House Financial Services Committee, U.S. Rep. Jesus “Chuy” Garca is formally resigning from his position in Congress. The lawmaker was also running for mayor of Chicago and came under fire from his rivals for accepting contributions from Sam Bankman-Fried, a cryptocurrency entrepreneur who is currently facing federal charges.
While Garca allegedly served on the committee that oversees some facets of the digital assets business, the aforementioned donation was received. According to reports, the representative’s mayoral contenders have been criticizing him for his associations with Sam Bankman-Fried. Mayor Lori Lightfoot claimed that the congressman “cozies up to crypto crooks” in a campaign commercial that was released on Wednesday.
