This transaction was done on January 25, when BTC was trading at around $37,000 (Rs 27 lakh). A screenshot of Cruise’s official filing was tweeted by news portal Watcher Guru on February 5.
Cruise has been supporting the adoption of crypto payments for a long time. They have proposed allowing crypto payments at gift shops and vending machines at the US Capitol complex in Washington DC.
America’s Texas in recent times, bitcoin has emerged as a mining hub. data center dynamics Report To attract crypto miners to Texas, offers such as a 10-year tax exemption and sales tax credit are being offered.
The electric Reliability Council of Texas (ERCOT) has predicted a five-fold increase in electricity load due to the boom in bitcoin mining in Texas.
While crypto regulatory guidelines are still being discussed in the US, New York City and Miami are already promoting CitiCoins. Several other US senators have also come forward in support of bitcoin. New York City Mayor Eric Adams prefers to take his salary in bitcoin.
Several members of the US Congress, including Democrat Jake Auchinlaus of Massachusetts, Mary Newman of Illinois, Republican Senator Jeff Van Drew of New Jersey and Barry Moore of Alabama, have disclosed holdings in cryptocurrencies or related stocks. Considering the pro-crypto stance of these US senators, it will not be so easy for this country to ban cryptocurrency.