Why Ted Cruz Wants U.S. Congress Merchants To Accept Bitcoin

U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator Pushes for Crypto Adoption in Congress U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday. ....

The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants. U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Complex — from entering into....

The NBA-affiliate Santa Cruz Warriors have partnered with PayStand to accept electronic transactions-including bitcoin payments-at the team's home stadium. The Santa Cruz Warriors-the Developmental League affiliate for the NBA's Golden State Warriors-have signed a partnership with electronic payment processor PayStand to facilitate bitcoin payments (and other electronic transactions) for online ticket purchases. The partnership also makes PayStand the Warriors' first jersey sponsor, meaning the company logo will appear on the team's jerseys throughout the season. Also Read: Sacramento....

Ted Cruz might still be considered a newbie to the United States Congress the splash that he has made in his short time there can only be considered a building tsunami. Cruz has been compared by several media personalities as the 21st Century version of anti-Communist crusader Joe McCarthy from the 1950’s and he led the charge to shut down the US government: Twice. But now the obstructionist Ted Cruz has a new target to focus on: Net Neutrality. The importance of net neutrality cannot be overstressed. The paradigm states clearly that broadband providers must be kept at arm’s length from....

U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has bought the bitcoin dip. A Periodic Transaction Report filed on Friday shows that the senator from Texas personally bought bitcoin worth between $15,001 and $50,000 on Jan 25. On the date of the transaction, the price of bitcoin....