Ted Cruz Encourages Crypto Adoption in Congress Through Snacks

Senator Ted Cruz of Texas, a Republican, is urging the U.S. Congress to embracecryptocurrency by offering an incentive both parties could agree upon - food.Senator Cruz brought forth a concurrent resolution on January 25th that wouldmandate that any suppliers of vending machines and food services within the U.S.Capitol accept cryptocurrency as a method of payment.The adoption of this measure would necessitate the Architect of the Capitol, theSecretary of the Senate, and the Chief Administrative Officer of the House ofRepresentatives to identify companies that accept cryptocurrencies for food andbeverage purchases.For a long time, Cruz has been an outspoken supporter of digital currencies, praisingBitcoin most of all for its independence. In approximately the same period of the prioryear, he purchased an amount of the cryptocurrency from $15,000 to $50,000,according to his financial disclosure documents.For many years, Cruz has been a strong supporter of cryptocurrencies, particularlypraising Bitcoin for its lack of central governance.Reports suggest that around thesame time in the previous year, the senator invested an amount between $15,000and $50,000 in BTC, as shown in a financial disclosure.He is one of the few members of Congress who have invested in cryptocurrency, asshown by the "Bitcoin Politicians" project's collective records.Cynthia Lummis, a senator from Wyoming pushing a crypto-friendly bill, and PatToomey, a senator from Pennsylvania who recently proposed a bill concerning stablecoin payments, are both featured on the list.Senator Cruz has expressed an interest in turning Texas into an attractive hub for Bitcoin and other cryptocurrencies, suggesting that crypto mining could be an effective way to make use of the energy produced by oil and gas drilling, as well as being employed as an alternate form of energy storage. Cruz's resolution must receive approval from both the Senate and the House of Representatives before it can be officially implemented.