“An oasis” for Bitcoin and crypto is what Texas Senator Ted Cruz wishes to see happen in his state.
In an appearance at the Heritage Foundation, Cruz claimed that he believes in the cryptocurrency Bitcoin. “Bitcoin and the American Experiment” was the name of the event.
It is the goal of the Heritage Foundation to “formulate and advocate public policies based on the principles of free business, limited government, individual freedom, historic American values, and a strong national defence.”
Cruz’s remarks, according to The report, were in response to a debate over the development of cryptocurrency mining in Texas. The senator said that he wants his state to become a global hub for Bitcoin and other cryptocurrencies.
“He said,” I replied. I’m a big fan of the digital currency known as Bitcoin. To me, Texas should be a haven for all things bitcoin and crypto.
Since the opposition party’s members could not manage Bitcoin, Cruz contended, it was a political liability. Senator Elizabeth Warren of Massachusetts, a Democrat, was singled out for specific criticism.
He went on to say, They dislike things they have no control over. Most Democrats are opposed to bitcoin for the same reasons. What causes Elizabeth Warren to twitch and toss and turn in her sleep? Because she wants her socialist fingers to be able to control all of our financial accounts.
“Horrific,” “dangerous,” and “horrific” are just some of the words Senator Cruz used to describe the establishment of a central bank digital currency (CBDC). Jerome Powell’s work with Senator Sherrod Brown involved the construction of a CBDC, which was the subject of his criticism.
Also Read: Swedish Central Bank Does Not Consider Bitcoin To Be A Form Of Payment
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