Cryptocurrency in the middle of the bear market, SEC As the pressure on cryptocurrencies and other regulatory bodies continues to increase, Senator Ted Cruz of the State of Texasis fighting resolutely for the adoption of cryptocurrencies in the USA.
Texas Senator Ted Cruz Keeps His Crypto Faith
Cruz has won the admiration of a certain group of Republican voters who are passionate about protecting their privacy and anonymity and avoiding taxes.
The legislator fervently lauded cryptocurrency as a major innovation with the potential to undermine the authority of central banks.
Cruz worries that the overregulation of the crypto industry could cause it to drift overseas, similar to what China is doing.
While other lawmakers advocate tighter regulation, Cruz believes many fail to grasp the intricacies of the industry, leading him to advocate expansion within the United States.
Cruz has been a vocal advocate of positioning Texas as the “ground zero” for the burgeoning crypto industry. This is a proposal that seems appropriate given the state’s significant Bitcoin mining operations.
The legislator even introduced legislation that would allow sellers on Capitol Hill to accept cryptocurrencies, underscoring Bitcoin’s potential to alleviate Texas’ power grid problems.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!