US Senators Announce The Resolution Of Cryptocurrency Adoption In Congress

US senators submitted crypto payment solutions at congress. (Photo; Doc. The Cryptocurrency Analysis)

JAKARTA After offering crypto resolution at the end of 2021, Senator Ted Cruz announced on Thursday that he proposed an Adopting Cryptocurrency as Congressional Exchange Payment for Transactions (ACCEPT) resolution in Congress.

Senator Cruz argues that cryptocurrencies can encourage entrepreneurs to create new values and create new jobs. He also said cryptocurrencies could provide a form of protection against US dollar inflation.

"Cryptocurrencies create new jobs, encourage entrepreneurs to create new values, and create new forms of protection against inflation and present new opportunities," Senator Cruz said.

"This is why we, here in the United States Congress, should increase accessibility and provide our support for the growing cryptocurrency industry for those visiting Capitol Hill," Cruz added.

Senator Cruz explained that his law "will require Capitol Architects, Senate Secretarys, and House of Representatives Administration Chiefs to encourage Capitol souvenir shops to accept cryptocurrencies as a form of payment." They will also be asked to "make contracts with vendors who accept cryptocurrencies as payments for food services and automatic seller machines inside the Capitol complex."

Senators' move to promote the use of cryptocurrencies in the country's legislature shows greater recognition and support for digital currencies.

Cryptocurrency As a Payment Equipment

Furthermore, Cruz explained that the use of cryptocurrencies as a means of transaction can provide benefits for the government and convenience for foreign tourists visiting the capital. Cryptocurrencies can also be a safe and easy alternative payment so that tourists do not need to exchange currencies that are often subject to high costs.

The additional benefit of using cryptocurrencies as a form of payment on the Capitol is that it will provide foreign tourists visiting our nation's capital every year with safe and secure payment options without the need to pay unnecessary and often expensive currency exchange fees.

Senator Cruz also introduced a law in April last year to prevent the Federal Reserve from creating direct central bank digital currencies for consumers (CBDCs) because he was concerned that this would be used as a financial surveillance tool by the federal government. He has strong thoughts about cryptocurrencies and has weekly purchases automatically every week to strengthen his beliefs.