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- Texas Senator Ted Cruz desires to make his state an Oasis for Bitcoin as well as other crypto-assets in the space.
- Ted Cruz also makes an argument that opposing party members are not very big fans of the dominating crypto asset.
- At the time of writing, Bitcoin was trading at a market price of $29,012.76, uptrending by 0.55% during the past 24 hours.
Bitcoin and Crypto Oasis
Ted Cruz, Texas Senator, thinks that his state will become a Bitcoin and cryptocurrency “oasis.”
Cruz claimed he believed in Bitcoin throughout a keynote presentation at the Heritage Foundation, a conservative think tank. The event was called “Bitcoin and the American Experiment.”
To create and support public policies based on the principles of free market, individual freedom, limited government, conventional American values, and powerful national security, says the Heritage Foundation’s mission statement.
Cruz made his remarks in response to a conversation about the development of crypto mining in Texas, as per a news agency. The senator stated that he wished for his state to become a global hub for Bitcoin and cryptocurrency.
He stated that he believes in the crowned crypto asset, and desires for Texas to become the Bitcoin and Crypto Oasis on this globe.
Cruz claimed that members of the opposition political party were anti-Bitcoin because they couldn’t regulate the cryptocurrency. He specifically targeted Massachusetts Senator Elizabeth Warren, a Democrat.
They don’t like things they can’t handle, he remarked. Most Democrats are opposed to bitcoin for the identical reason.
He further added that why does Elizabeth Warren toss and turn and squirm at night because of bitcoin? Because she expects to be able to command every dime in every one of our bank accounts with her sticky little socialist fingers.
Senator Cruz also slammed the creation of a central bank digital currency (CBDC), calling it a horrific and destructive concept.
His remarks were part of a broader attack on Federal Reserve Chairman Jerome Powell’s collaboration with Senator Sherrod Brown, which included discussions on the creation of a CBDC.
At the time of writing, BTC was trading at a market value of $29,012.76, bullish by 0.55% during the last 24 hours.
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With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
