• Ted Cruz, a Texas Republican Senator, has proposed a concurrent resolution to allow vending machine and food service contractors within the U.S. Capitol to accept cryptocurrency as payment.
• If adopted, the resolution will require the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives to find the crypto-accepting food and vending firms.
• The proposed resolution has not been made publicly available on the Congress website yet.
In a move that could potentially set the stage for wider cryptocurrency adoption in Congress, US Senator Ted Cruz has introduced a resolution that would allow vending machine and food service contractors within the US Capitol to accept cryptocurrency as payment.
The concurrent resolution, dated January 25th, was introduced by Cruz and if adopted, would require the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives to find the crypto-accepting food and vending firms. The text of the resolution has not been made publicly available on the Congress website yet, and it is unknown what the potential cost of implementing the measure might be, or if the resolution would require contractors to take payment in certain cryptocurrencies.
If adopted, the resolution could potentially be a major step forward for the crypto industry and could lead to other US governmental institutions following suit and offering crypto payment options. It is also possible that the resolution could provide an incentive for both sides of the aisle to come together, as food and snacks are something that both Republicans and Democrats may agree on.
The US Capitol Cafe is one of the purveyors that could potentially be required to take crypto payments. The cafe is a popular destination for Congress members and visitors alike, and the potential to pay for their food with cryptocurrency could be a major draw for those interested in the space.
The resolution proposed by Cruz is yet another sign that cryptocurrency is slowly becoming more mainstream, and that US lawmakers are beginning to recognize its potential to revolutionize the way we pay for goods and services. While the resolution has yet to be adopted, if it does pass, it could be a major milestone for the industry.