The Texas Blockchain Council (TBC) is supporting Senator Ted Cruz in his bid to stay in the U.S. Senate. This shows how much he has changed into a strong supporter of Bitcoin and the cryptocurrency industry as a whole.
Cruz’s journey with Bitcoin started with doubt, especially when it came to how cryptocurrencies could be abused. He is now one of the loudest supporters of Bitcoin in the Senate, though, and sees himself as a protector against what he sees as excessive government power. He thinks Bitcoin is an important way to protect people’s financial freedom from too much government control. He has said that anti-Bitcoin feelings in the U.S. are similar to harsh financial policies in dictatorships.
Cruz has spoken out strongly against the creation of central bank digital currencies (CBDCs), which he says could lead to more government oversight of financial transactions. He has also spoken out in support of Bitcoin. He has proposed legislation to stop the Federal Reserve from making a CBDC because he thinks it would give the government too much power over people’s money.
Cruz has also spoken out strongly in favor of Texas as a great place to mine Bitcoin. Among the state’s many benefits, he has pointed out its large energy supply. He has also said that Bitcoin mining can help keep the power grid stable by using extra power that would otherwise be wasted. In a state that has had big energy problems in the past few years, this point of view makes sense.
The Texas Blockchain Council backed Cruz because he is learning more about how Bitcoin can help people become financially independent and how cryptocurrency mining can help Texas’s energy system. His work to bring the crypto business to Texas fits in with the state’s willingness to try new things and use independent technologies.
His lead in the polls shows how popular he is outside of crypto communities. Cruz is now a stronger supporter of the future of cryptocurrency in Texas and across the United States thanks to the TBC’s support.
