{"id":19087,"date":"2022-02-25T11:55:21","date_gmt":"2022-02-25T10:55:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19087"},"modified":"2022-02-25T11:55:27","modified_gmt":"2022-02-25T10:55:27","slug":"senator-ted-cruz-uses-the-unrest-in-canada-to-promote-bitcoin-once-more","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/senator-ted-cruz-uses-the-unrest-in-canada-to-promote-bitcoin-once-more\/","title":{"rendered":"Senator Ted Cruz uses the unrest in Canada to promote Bitcoin once more"},"content":{"rendered":"\n
Senator Ted Cruz has joined a growing number of lawmakers in the United States who have advocated for Bitcoin<\/a> acceptance.<\/h5>\n\n\n\n
\"Senator<\/figure>\n\n\n\n

Senator Ted Cruz, a Republican, reaffirmed his support for Bitcoin (BTC) on Friday at his Conservative Political Action Conference (CPAC) speech, praising its decentralization.<\/p>\n\n\n\n

Cruz believes Bitcoin has a bright future since it is highly decentralized and cannot be controlled by any government or entity, according to him. <\/p>\n\n\n\n

He went on to mention an ongoing issue in Canada, in which the government enacted emergency regulations in response to the Freedom Convoy truckers' protest against COVID-19 mandates.<\/p>\n\n\n\n

The Canadian government ordered financial institutions and banks to freeze the accounts of demonstrators, as well as crypto exchanges and wallet service providers. <\/p>\n\n\n\n

Nunchuck, a non-custodial wallet service provider, received a similar order from the government, and their answer to the government went viral, finally reaching CPAC via Cruz.<\/p>\n\n\n\n

\n

One of the reasons I\u2019m bullish on #Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is because it\u2019s decentralized.

The Left hates Bitcoin because they can\u2019t control it. #CPAC2022<\/use><\/svg><\/span><\/a> pic.twitter.com\/D4PYNacNBZ<\/use><\/svg><\/span><\/a><\/p>— Ted Cruz (@tedcruz) February 25, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Senator Ted Cruz reviewed the Bitcoin wallet service provider's answer, which requested that the Canadian government investigate self-custody wallets and private keys. <\/p>\n\n\n\n

The statement also stated that, by design, they do not have access to any of their users' financial information other than their email address.<\/p>\n\n\n\n

Nunchuck's reaction was dubbed “amazing” by the Republican senator, who went on to say that governments can't regulate Bitcoin, citing the Chinese crypto ban as an example. <\/p>\n\n\n\n

Senator Ted Cruz, who has campaigned for the use of waste natural gas for Bitcoin mining<\/use><\/svg><\/span><\/a> in Texas and recently purchased the Bitcoin plunge, has joined a growing list of American politicians who are rallying behind Bitcoin. <\/p>\n\n\n\n

However, his claim that the left is anti-Bitcoin, citing Justin Trudeau as an example, did not go over well with crypto Twitter. Bitcoin is apolitical, according to one user, and politicizing it as “Left against Right” is a mistake.<\/p>\n\n\n\n

\n

One of the reasons I\u2019m bullish on #Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is because it\u2019s decentralized.

The Left hates Bitcoin because they can\u2019t control it. #CPAC2022<\/use><\/svg><\/span><\/a> pic.twitter.com\/D4PYNacNBZ<\/use><\/svg><\/span><\/a><\/p>— Ted Cruz (@tedcruz) February 25, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Another user pointed out that Cruz, as a politician, is taking use of his Bitcoin understanding, and proposed that his opponents become more pro-Bitcoin to fight him.<\/p>\n\n\n\n

\n

Politicizing it as left vs right is the wrong angle Senator. Bitcoin is apolitical.<\/p>— Ben Fairclough (@BFairclough23) February 25, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

While some lawmakers, such as Miami Mayor Francis Suarez, Wyoming Senator Cynthia Lumis, and a few others, are working at the court level to amend the legislation to allow for Bitcoin acceptance, the rest of them appear to be focused on exploiting it as a tool for their political campaigns.<\/p>\n","protected":false},"excerpt":{"rendered":"

Senator Ted Cruz has joined a growing number of lawmakers in the United States who have advocated for Bitcoin acceptance. Senator Ted Cruz, a Republican, reaffirmed his support for Bitcoin (BTC) on Friday at his Conservative Political Action Conference (CPAC) speech, praising its decentralization. Cruz believes Bitcoin has a bright future since it is highly […]<\/p>\n","protected":false},"author":34,"featured_media":19093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[513,7608],"class_list":["post-19087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-news","tag-senator-ted-cruz-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/images-2022-02-25T114411.755.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19087"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/19093"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}