🔥💰US Senator Ted Cruz Becomes #Bitcoin❗ Miner🔥
✅Ted Cruz Joins Bitcoin Miners
-Announced purchase of three ASIC Bitcoin miners.
- Mining operations initiated in Iraan, Texas.
- Announcement made on X with a picture of his mining setup.
✅Support from the Community
- Marathon Digital CEO Fred Thiel praised Cruz's initiative.
- Highlighted Cruz’s contribution to improving network security.
✅Texas as a Bitcoin Mining Hub
- Business-friendly laws and affordable energy resources (wind, solar, natural gas).
- Increased mining activities in smaller towns like Iraan.
- Benefits include job creation, energy infrastructure investments, and tax revenue generation.
✅Financial Disclosure
- Cruz bought Bitcoin worth between $15,000 and $50,000 on January 25, when BTC was around $37,000.
- With Bitcoin now at $69,000, Cruz’s investment is significantly profitable.
✅Political Support for Crypto
- Several senators, including Wyoming Senator Cynthia Lummis and Pennsylvania Senator Pat Toomey, have disclosed crypto holdings.
- Lummis has invested approximately $250,000 in Bitcoin.
- Toomey revealed investments in Grayscale’s Bitcoin ETF.
✅Ted Cruz’s Crypto Advocacy
- Opposed a crypto tax proposal in the Senate’s infrastructure bill in 2021.
- Introduced a resolution for Capitol Hill merchants and vendors to accept cryptocurrency payments.
- Opposes the Federal Reserve’s development of a central bank digital currency (CBDC).
- Introduced legislation to prevent the Fed from creating a CBDC, citing privacy concerns.
✅Legislative Developments in Oklahoma
- House Bill 1600 offers tax credits to digital asset mining operations.
- Bill aims to exempt commercial mining machinery from taxes.
- Oklahoma Bitcoin Association supports the bill for making state power prices competitive and attracting investments.
- Expected to optimize Oklahoma’s electricity grid and reduce power costs for residents.
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