A measure to legalize cryptocurrency payments was submitted in Congress by Republican senator Ted Cruz.
On Capitol Hill, the agreement permits the use of digital currencies for payment of products and services.
Cruz is well recognized for supporting the development of the blockchain’s infrastructure. In accordance with the legislation filed to the US Senate, members of Congress will have access to establishments that accept cryptocurrency payments.
The measure can go into effect without the President’s signature. It’s sufficient that he has the support of the Senate and the House of Representatives.
The paper does not, however, include the accepted cryptocurrencies.
Ted Cruz, a politician who is in the camp of proponents of the dominant digital currency, is likely to be in favor of the legalization of bitcoin.
The senator also urges the establishment of factors that will enable the mining industry in the US to flourish more quickly. Ted Cruz stated that several American states might become the greatest miners as a result of the improved energy infrastructure in November 2022 at a meeting in Texas