(BTC) Bitcoin News TodayCrypto AdoptionCryptocurrencyWeb3

United States Senator Cruz Lobbies for Pro-Cryptocurrency Food Machine in Congress

Ted Cruz, a (Republican) senator representing Texas have started lobbying to get the attention of the US Congress to take advantage of crypto by adopting the use of incentives everyone will agree on. During the sessions, Cruz had suggested using snacks as s bait to achieve this initiative.

The Republican senator has presented a resolution to this effect since the 25th of January 2023. The proposal is expected to allot food (or stacks) services, and venting machines that accepts  cryptocurrencies as a payment methods into the Capitol building.

If accepted, this resolution will compel senior government officials like the Sec of the Senate, the Capitol Archie, the Chief Admin Officer, and House Reps to search for fitting venting and food venting companies to perform these tasks. 

At the time of this report, other contents of the submitted resolution were quite clear because it is yet to be made public on the Congress’s webpage. The financial details of this proposal are sketchy as it is yet to be probably ascertained; hence, unknown. The same applies to the method of execution; there has not been a clear understanding of whether the project will require the services of contractors or the particular cryptocurrency in use. 

📰 Also read:  Price Analysis December 5th, 2024 - BTC, XRP, BNB, ETH, SOL, and AVAX

In other news, Senator Ted has also been reported to have hinted at making  Texas, the home state, a (BTC) cryptocurrency oasis. He was once reported to have suggested that cryptocurrency mining should be applied to the monetization of energy. Although the senator was absent when contacted in his office for more information about the recent development. 

Before now, senator Ted had been known to be a strong advocate of the crypto industry. He got popular after he applauded the decentralization of the BTC. He led by example when he was reported to have bought $15k worth of bitcoin. Before this trend, senator Ted was known to be among the eight pro-cryptocurrency congressmen and had invested a considerable amount into the system too. Meanwhile, as the push for the adaptation of the cryptocurrency by the capitol continues, analysts say that it will need support from his colleagues before it could go through.

📰 Also read:  Price Analysis November 30th, 2024 - BTC, SOL, ETH, XRP, and BNB

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at [email protected] if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. CreditInsightHubs is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  XRP Jumps 21%, Flips USDT to Become the Third-Largest Crypto

Alexander Fyodorov (Ukraine)

Alexander Fedorov is a new writer on CreditInsightHubs, his articles are about on cryptocurrency news and platform reviews. We recommend keeping an eye on his latest posts as they are always very informative and super interesting.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content