Ted Cruz's Cryptocurrency Resolution: A Step Towards Mainstream Litecoin Adoption
In recent news, Senator Ted Cruz has introduced a resolution that would require all federal government contractors for food service and vending machines to accept cryptocurrency, which would likely include Litecoin. This move is a significant step toward the mainstream adoption of Litecoin, and it could have a significant impact on the way we use and perceive using digital money.
S.Con.Res.1 - 118th Congress (2023-2024): A concurrent resolution requiring the Architect of the Capitol, the Secretary of the Senate, and the Chief Administrative Officer of the House of Representatives to contract with food service contractors and vending machine contractors for the Capitol Complex that accept cryptocurrency, and for other purposes, S.Con.Res.1, 118th Cong. (2023)
Bitcoin and Litecoin, are the most well-known cryptocurrencies for payments and have been around for over a decade. Senator Ted Cruz's bold move is an important step to get congress more familiar with this technology.
This resolution is important because it not only opens up a new market for Bitcoin and Litecoin, but also helps to educate and familiarize members of Congress with the technology behind these digital currencies.