If Senator Ted Cruz of Texas gets his way, he wants the state to be the “oasis of Bitcoin.” For Cruz, the primary hurdle to full Bitcoin adoption is the federal government itself, particularly its left-leaning policies.
The state of Texas, he says, can soon become a cryptocurrency hub with its decentralized environment and business-friendly policies.
Ted Cruz’s statement comes as Bitcoin broke the $98,000 level for the first time, and there’s growing regulatory clarity. Incoming US President Donald Trump has nominated Scott Bessent for Treasury, and SEC’s Gary Gensler has announced that he’s stepping down on January 20th, 2025.
Senator Cruz emphasized that the leading digital asset represents freedom and stated that Texas could become a haven for its innovation and development.
I am one of the leading defenders of Bitcoin and cryptocurrency in the U.S. Senate.
I want Texas to be an oasis for Bitcoin, and we are seeing many companies come to Texas to create new jobs in the cryptocurrency industry. pic.twitter.com/ayVzxQIIi9
— Ted Cruz (@tedcruz) November 23, 2024
Texas As Global Hub For Bitcoin
Ted Cruz posted on Twitter/X his thoughts immediately after the airing on Fox Business News. In a post shared November 24th, Cruz argued that he’s a strong advocate for cryptocurrencies in the Senate. He added that his goal is to make his state a Bitcoin hub and shared that several companies are now relocating to the “Lone Star” state and creating jobs along the way.
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Author: Christian Encila
