U.S. Senator Ted Cruz, a known crypto advocate, has officially entered the Bitcoin mining sector, purchasing three ASIC Bitcoin miners and initiating operations in Iraan, Texas. This move has been applauded by Marathon Digital CEO Fred Thiel, who highlighted Cruz's contribution to enhancing network security.

Texas, with its business-friendly laws and affordable energy resources, has become a hub for Bitcoin mining, leading to job creation, infrastructure investment, and tax revenue generation. Cruz's Bitcoin investment, made when the price was around $37,000, is now significantly profitable with Bitcoin trading at $69,000.

Cruz's crypto advocacy includes opposition to a crypto tax proposal and the Federal Reserve's development of a central bank digital currency (CBDC), citing privacy and government overreach concerns.

In related news, Oklahoma lawmakers have passed a bill offering tax credits to digital asset mining operations, aiming to make state power prices competitive for miners and attract investments to rural areas. This move is expected to optimize Oklahoma's electricity grid and reduce power costs for residents.