Bitcoin

Senator Ted Cruz just got the thumbs-up from the Texas Blockchain Council for his Senate reelection. Lee ₿ratcher, the president of the Texas Blockchain Council, announced <a href="https://x.com/lee_bratcher/status/1823097051023823059" rel="nofollow" target="_blank">on</a> X that:&nbsp; 
<blockquote>
 “We are proud to ENDORSE Senator Ted Cruz!”
</blockquote> 
This came right after Cruz spoke to a crowd of over 150 people at the Core Scientific Denton Bitcoin Mining Data Center. 
Cruz’s support for Bitcoin isn’t new, but it’s definitely grown stronger over time. Once skeptical of the whole thing, Cruz has turned into a major advocate for Bitcoin and the entire crypto community.&nbsp; 
He’s turned into one of the loudest voices in the Senate pushing back against what he sees as government overreach. For Cruz, Bitcoin is a way to keep Big Brother out of your wallet. 
In the beginning, he had his doubts, especially when it came to how cryptocurrencies could be used for shady stuff. But over time, something clicked for him.&nbsp; 
<img decoding="async" src="https://pbs.twimg.com/media/GUzwl0vWYAA_OIZ?format=jpg&amp;name=large" alt="Image"> 
During a fireside chat at the Mining Disrupt 2024 event, Cruz got pretty passionate about Bitcoin, calling it a form of financial freedom.&nbsp; 
Cruz even drew parallels between anti-Bitcoin attitudes in the U.S. and the oppressive financial policies of authoritarian regimes, saying that Bitcoin’s decentralized nature is the only thing standing between us and total government control. 
The Senator has also taken a strong stand against central bank digital currencies (CBDCs). He’s introduced legislation that would block the Federal Reserve from creating a CBDC, which he sees as a gateway to more government surveillance.&nbsp; 
For Cruz, the idea of the government having even more control over financial transactions is a nightmare scenario, and he claims he’s doing everything he can to stop it. 
Cruz has also been talking up Texas as the perfect place for Bitcoin mining, and he’s not wrong. Texas has plenty of energy, and Cruz sees that as a huge advantage.&nbsp; 
He’s pointed out that Bitcoin mining can actually help stabilize the state’s energy grid by using up excess energy that would otherwise go to waste. That’s a pretty big deal, especially in a state that’s had some major energy issues recently. 
Cruz has been pushing for policies that would make Texas even more attractive to the crypto industry, arguing that the state’s entrepreneurial spirit is a perfect match for the decentralized nature of cryptocurrencies.

Texas Blockchain Council backs Ted Cruz for Senate reelection

Cryptopolitan_News

Other articles published on Aug 12, 2024

Whale Invests Heavily in Ethereum and PEPE

Ethereum Network's Daily ETH Burn Rate Drops to Its Lowest Level This Year! What Does It Mean? He...

Terra Classic (LUNC) Up 23%: Is the Recent Rally a Sign of More Volatility with $0.0001 Liquidity...

Market Overview (August 5 – August 11): The Week Of Ripple and Binance, Economic Shifts Looming

Cryptocurrency NEAR Protocol's Price Increased More Than 3% Within 24 hours

Revenue Sharing July 2024

Join our free newsletter for daily crypto updates!