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The “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions” or ACCEPT resolution would require “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.”
The resolution also contains a clause that would prevent them from entering into any contracts that “would preclude the selection of alternatives that are cost-effective and value-centered for patrons.” Thursday, Senators Elizabeth Warren and Ron Wyden sent a letter to the U.S. Public Company Accounting Oversight Board questioning why auditing firms working with FTX failed to identify the corporate mismanagement and lack of internal controls that have been discovered since its implosion.
On Nov. 10, the day before FTX declared bankruptcy, U.S. Senator John Boozman, ranking member of the United States Senate Agriculture Committee, announced that he and Committee chair Sen. Debbie Stabenow remained committed to pushing forward with a final version of the Digital Commodities Consumer Protection Act 2022 .