 Sen. Ted Cruz: Fighting regulatory overreach, championing Bitcoin 
2025-01-10
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In an exclusive interview with Cointelegraph, US Senator Ted Cruz shared his vision for Bitcoin, the broader crypto industry, and the future of his home state of Texas.
As a self-proclaimed Bitcoin (BTC) miner, Cruz emphasized the potential of BTC to empower small businesses, drive innovation and serve as a hedge against inflation.
Despite his optimism for the future of BTC and crypto mining, Cruz warned against hasty government regulations, stressing the need for Congress to better understand before overreaching with regulatory actions.
“Very few Members of Congress understand cryptocurrency, so I am urging my colleagues to proceed slowly and carefully with any regulations governing cryptocurrency,” he said.
Bitcoin’s impact on small businesses
Cruz said he is “bullish on Bitcoin,” praising its capacity to provide privacy, autonomy and independence from government control.
“Most congressional Democrats are deeply skeptical of Bitcoin,” he said. “They don’t like that it creates individual freedom, privacy, autonomy and independence from the government.”
With the incoming administration of US President-elect Donald Trump, Cruz predicted that “Republicans will unleash small businesses and cryptocurrency like never before.”
