๐๐US Senator Ted Cruz, a crypto enthusiast, has officially joined the Bitcoin mining community! Cruz recently purchased three ASIC Bitcoin miners and has started mining operations in Iraan, Texas. ๐๐
๐Cruz has long been a pro-crypto voice, advocating for crypto-friendly legislation. His recent move into Bitcoin mining has been applauded by Marathon Digital CEO Fred Thiel, who highlighted Cruz's contribution to improving network security.๐ช๐
๐Texas has become a hotspot for Bitcoin mining, thanks to its business-friendly laws and affordable energy resources. This has led to a boom in Bitcoin mining in smaller towns like Iraan, creating jobs and generating tax revenue.๐ฐ๐ญ
๐ธCruz isn't the only lawmaker dipping his toes into crypto. Several senators have disclosed their crypto holdings, reflecting a growing political support for the digital asset. Wyoming Senator Cynthia Lummis and Pennsylvania Senator Pat Toomey are among those who have invested in Bitcoin.๐๐
๐Cruz has been a strong voice against a crypto tax proposal and the Federal Reserve's development of a central bank digital currency (CBDC), citing concerns about privacy and government overreach. Meanwhile, Oklahoma lawmakers have passed a bill offering tax credits to digital asset mining operations, a move that is expected to attract more investments into the sector.๐ฆ๐ซ
So, here's a big shout-out to Senator Cruz for joining the Bitcoin mining community! Let's keep the crypto momentum going! ๐๐๐