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US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency

US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital CurrencyU.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

US Senator Ted Cruz pushes for crypto in Congress … using snacks

A newly introduced resolution could potentially see lawmakers buying sodas and chips using crypto-supporting vending machines.

Texas Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food.

Cruz introduced a concurrent resolution dated Jan. 25 that would only allow vending machine and food service contractors that accept crypto as a payment option within the U.S. Capitol.

If adopted, the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives would be required to find the crypto-accepting food and vending firms.

At the time of writing, the text of the resolution was not publicly available on the Congress website. It’s unknown the potential cost of implementing the measure, or if the resolution would require contractors to take payment in certain cryptocurrencies.

The U.S. Capital Cafe could be one of the purveyors required to take crypto payments. Source: Google

Cointelegraph contacted Cruz’s office for comment but did not immediately receive a response.

Cruz has long been a vocal advocate for cryptocurrencies, especially lauding Bitcoin (BTC) for its decentralization. At roughly this time last year, the senator bought between $15,000 and $50,000 worth of BTC, according to a financial disclosure.

Related: Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

He is one of only eight known crypto investors in Congress, according to the “Bitcoin Politicians” crowdsourced data project.

The list also includes Cynthia Lummis, the Wyoming senator behind a pro-crypto piece of legislation and Pat Toomey, a Pennsylvanian senator who recently introduced a stablecoin bill aiming to create a regulatory framework for payments.

Senator Cruz also has signaled his interest to make his home state of Texas an oasis for Bitcoin and other cryptocurrencies, saying crypto mining could be used to monetize the energy from oil and gas extraction and the activity may be used as an alternate way of storing energy.

The resolution put forward by Cruz will need to be agreed to in both the Senate and the House before it can be adopted.

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto

Texas Senator Claims People Are Flocking to Bitcoin Because US Is on ‘the Verge of an Inflation Crisis’

Texas Senator Claims People Are Flocking to Bitcoin Because US Is on ‘the Verge of an Inflation Crisis’This week the United States senator from Texas, Ted Cruz, appeared on the Fox News television broadcast Hannity and discussed the leading crypto asset bitcoin. Cruz told Hannity he believes people are investing in bitcoin because they believe America is on the verge of an inflation crisis. Ted Cruz: ‘We’re Seeing Inflation — I Think […]

‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto