The proposal makes mention of locations within the Capitol where digital payments might be accepted, such as gift stores and vending machines. Cruz campaigned for the adoption of cryptocurrencies like Bitcoin as a method of payment within Capitol facilities through a letter with similar wording last November.
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According to the Senate’s website, such resolutions are often used to adopt or change regulations that apply to both houses. The proposal would still need to be adopted by both the House and Senate in order to become law, even though the president’s signature is not required.Ted Cruz’s action The Subcommittee on Digital Assets, Financial Technology, and Inclusion was established earlier this month, and its next meeting is on Wednesday. One of its primary objectives as a division of the House Financial Services Committee is to create clear rules of the road among federal regulators.
When Congressman Patrick McHenry (R-NC) was chosen to lead the House Financial Services Committee last month, he declared that one of his main priorities would be creating a complete regulatory framework for the digital asset ecosystem.
Cruz has mainly accepted the cryptocurrency mining sector, which has grown significantly in Texas over time. This past summer, the Senator remarked, I am happy to lead the fight for the crypto business, following a visit to a mining site.
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