US senator submits resolution to allow crypto payments in Capitol Complex
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....
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Senator Wendy Rogers is setting her sights to turn Arizona into the most crypto-friendly state in the United States, as she submits two more crypto bills on Tuesday. This isn’t the first crypto-related proposal to increase crypto’s utility incrementally in the Grand Canyon state. Last Friday, Rogers already submitted a bill aiming to make 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.
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Texas Senator who talks a big game actually has something to show for it. Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is.According to a financial disclosure filed on Friday 4th Feb, Cruz bought between $15k and $50k worth of Bitcoin (BTC) on January 25th, using the River brokerage.At the time, Bitcoin was trading between $36k and $37k, and over the subsequent days it has risen to a current price of around $41,600. Assuming he hasn't sold his bitcoins and incurred any short term capital gains taxes, his current profit on the transaction....
Per a report by Breitbart News, U.S. Senator Ted Cruz (R-TX) has introduced a resolution that could bring Bitcoin right to Congress. The government official proposed legislation on November 1st for the institution to increase its awareness and involvement with digital assets. Related Reading | Why This $100K Bitcoin Purchase By An U.S. Senator Could […]
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial Assembly (MPA) of Khyber Pakhtunkhwa, one of the four provinces in the country, made the official announcement after holding discussions in the midst of a nationwide dialogue about if the federal government should legalize crypto assets and take it out from the limbo. Dr. Sumera Shams, a member of....