Senator Ted Cruz Is Bringing Bitcoin To The Capitol With Vending Machines
The Texas Senator has introduced a resolution requesting Capitol vendors to accept bitcoin.Sen. Ted Cruz (TX-R) has proposed a resolution that would request vendors within the Capitol area to work with payments providers...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The Texas Senator has introduced a resolution requesting Capitol vendors to accept bitcoin.
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. Ted 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.
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.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Lawson Brings Stablecoin Payments to Stores in Japan’s First POS Trial, Eyeing 14,697 Locations
Key Takeaways: Lawson to implement Japan’s first POS-integrated stablecoin payment trial with JPYC. The pilot begins at a convenie...
Bolivia Weighs Folding Tether’s USDT Into Its National Payments System
Bolivia is considering whether to bring Tether’s USDT into its national payments system, letting the stablecoin circulate alongsid...
Crypto News, July 14: Telegram Registry Down, Bitcoin and Ethereum Price Eye Iran War Resolution
Telegram users woke up to broken t.me links after the platform’s short domain became unreachable, disrupting invites, public chann...
Trump puts Senate on a 24-day clock to find 60 votes for America’s crypto CLARITY Act rulebook
The White House is increasing pressure on the Senate to pass the CLARITY Act before lawmakers leave Washington for their August re...
Ted Cruz eyes July 29 for possible markup of AI bills, and his crypto ties make it worth watching
Cruz's AI legislative efforts could shape tech innovation and regulatory landscapes, influencing both AI and crypto sectors' futur...
Senator Lummis: Congress must act for CFTC to regulate digital assets
The CLARITY Act's fate will shape the CFTC's regulatory power over digital assets, impacting market confidence and legislative dyn...