US Senator Ted Cruz Praises Bitcoin Mining and Crypto Innovation at Texas Event
Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.
A number of politicians in the United States are taking a stance on Bitcoin (BTC) as the 2024 presidential election approaches.
Ted Cruz, the junior U.S. Senator from Texas, has been particularly vocal about Bitcoin recently.
On August 12, Cruz spoke at an event organized by the blockchain advocacy organization, the Texas Blockchain Council (TBC). The event took place at a Core Scientific mining facility located in Denton, Texas.
“God bless Texas, and god bless Bitcoin,” Cruz said as he addressed a crowd of about 150 people.
Cruz added that he is “proud to stand side by side with Bitcoin miners and the entire crypto community in Texas and across the country.”
“I am incredibly bullish on Bitcoin and crypto,” Cruz said. “Texas is, and I want Texas even more so to be, the oasis for Bitcoin mining across the face of the globe.”
Lee Bratcher, President of TBC, announced at the gathering that TBC would endorse Cruz in his upcoming race for reelection.
“As we stand on the cusp of a new era of financial innovation, it’s crucial we have leaders who understand the importance of maintaining the environment where innovation can prosper free from unnecessary government individuals,” Bratcher said.
Following the event, Cruz told Cryptonews that he was proud to be endorsed by TBC, noting that it’s important for Bitcoin miners and the crypto community to come together to support his campaign.
Crypto is a reservoir of power and a safety blanket for the State of Texas!
I am proud to be endorsed by the Texas Blockchain Council! #CryptoForCruz
