Texan Republican Senator Ted Cruz is pushing the United States Congress to adopt cryptocurrency within its halls using an incentive both sides might agree on — food. Cruz introduced a concurrent resolution dated Jan. 25 that would only allow vending machine and food service contractors that accept crypto as a payment option within the U.S. Capitol. If adopted, the Architect of the Capitol, the Secretary of the Senate and the Chief Administrative Officer of the House of Representatives would be required to find the crypto-accepting food and vending firms. At the time of writing the text of the resolution was …

United States Senator Ted Cruz wants to make the American state of Texas an oasis for Bitcoin (BTC) and cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development. Cruz argued that Bitcoin mining could be used to monetize energy created from oil and gas extraction, rather than burning it. In addition, he emphasized how mining activity can be used as an energy storage and supply alternative: "The beauty of it [Bitcoin mining] is when you've got substantial investment, as we …

Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics. Scaramucci is a former Director of Communications at the White House and Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund. He spoke candidly at the Australian Financial Review Crypto Summit held in Australia today about the current and future states of crypto and politics in the U.S. He said that although blockchain tech “seems clunky right now,” he sees a glittering future for the industry. However, he feels that the biggest hurdle that …

Republican Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization. Cruz said he is very bullish on Bitcoin because it is highly decentralized and cannot be controlled by any government or entity. He went on to cite the example of an ongoing issue in Canada, where the government enforced emergency laws as a retaliation to the Freedom Convoy trucker’s protest against COVID-19 mandates. The Canadian government asked financial institutions and banks to freeze accounts of protesters followed by an order to crypto exchanges and crypto wallet service …

Rafael ‘Ted’ Cruz, the junior Republican senator from Texas, is putting his money where his mouth is. According to a financial disclosure filed on Friday 4th Feb, Cruz bought between $15k and $50k worth of Bitcoin (BTC) on January 25th, using the River brokerage. At the time, Bitcoin was trading between $36k and $37k, and over the subsequent days it has risen to a current price of around $41,600. Assuming he hasn't sold his bitcoins and incurred any short term capital gains taxes, his current profit on the transaction is in the region of $2,000 - $6,850. Following the example …

United States Senator Ted Cruz believes that his country should be using natural gas to mine Bitcoin (BTC) instead of flaring it. Speaking during Friday’s Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous opportunity for Bitcoin [...] to capture that gas instead of wasting it.” According to a transcription of the talk shared to social media by Coin Metrics founder Nic Carter, Cruz noted that half of the natural gas flared in the country is currently being burned …

Art by: Jing Jin Ted Cruz might still be considered a newbie to the United States Congress the splash that he has made in his short time there can only be considered a building tsunami. Cruz has been compared by several media personalities as the 21st Century version of anti-Communist crusader Joe McCarthy from the 1950’s and he led the charge to shut down the US government: Twice. But now the obstructionist Ted Cruz has a new target to focus on: Net Neutrality. The importance of net neutrality cannot be overstressed. The paradigm states clearly that broadband providers must be …