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Ted Cruz: Texas Should Be "Ground Zero" for Crypto Industry

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Thu, 3/03/2022 - 16:07
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Ted Cruz: Texas Should Be "Ground Zero" for Crypto Industry
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Texas Senator Ted Cruz has shared some words of support for crypto in his recent tweet, claiming that the "Lone Star State" should become "ground zero" for the industry.

The 51-year-old politician shared a picture from his meeting with "Mr. Wonderful," Kevin O'Leary, who has turned into a cautiously optimistic cryptocurrency advocate.

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In February, Cruz, a former Republican presidential candidate, disclosed a Bitcoin purchase that was worth up to $50,000 made with the help of the River brokerage.

Cruz's allegiance to Bitcoin does not come as a surprise given that energy-rich Texas is a major Bitcoin mining hub.

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Texas Governor Greg Abbott has also repeatedly spoken favorably of the largest cryptocurrency in order to lure Bitcoin mining businesses from the U.S. and other countries. Cruz also touted Bitcoin could help to solve the state's persistent power grid issues.

In November, the Texas senator also introduced a bill that would make it possible for merchants on Capitol Hill to accept cryptocurrencies.

As reported by U.Today, Cruz revealed his pro-Bitcoin stance last June, claiming that the largest cryptocurrency has a lot of potential.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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