1. Home
  2. Ted Cruz

Ted Cruz

Mining PAC launches ad for Ted Cruz as early voting begins in Texas

More than 18 million registered voters in the Lone Star State will decide whether to replace Senator Ted Cruz with Representative Colin Allred starting in 2025.

A political action committee (PAC) backed by cryptocurrency mining executives has launched two ad spots for Republican candidates as early voting continues in the United States for the November election.

In an Oct. 21 X post, the Bitcoin Voter PAC said it was responsible for an ad supporting Texas Senator Ted Cruz as residents of the state began early voting. The ad spot claimed Cruz understood “embracing Bitcoin” without explicitly mentioning any of his opponent Colin Allred’s policies. 

Executives from crypto mining firms Marathon Digital Holdings, CleanSpark, and Riot Platforms form the board members of the Bitcoin Voter Project, an advocacy group launched in June to identify potential voters and influence crucial elections. According to Federal Election Commission records as of Sept. 30, the organization’s PAC had filed no contributions or expenditures in the 2024 election.

Read more

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Texas Senator discloses up to $100K BTC after blockchain endorsement

After visiting a Bitcoin mining facility and receiving the endorsement of a blockchain advocacy group, Senator Ted Cruz reported purchasing up to $100,000 worth of BTC in 2023.

Ted Cruz, the junior United States senator representing Texas, disclosed he purchased up to $100,000 worth of Bitcoin through financial services firm River Financial.

In an Aug. 13 disclosure filing with the US Senate, Cruz revealed he bought between $50,001 and $100,000 worth of Bitcoin (BTC) as part of his personal holdings in 2023. The filing came just one day after the advocacy group Texas Blockchain Council endorsed the senator for his 2024 reelection campaign, highlighting his views on crypto.

The Texas senator also reported he purchased Bitcoin in 2022, declaring between $15,001 and $50,000 worth of the cryptocurrency. His 2023 disclosure form did not include three BTC miners he claimed to have purchased in May, which will likely be officially reported sometime in 2025.

Read more

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Texas Blockchain Council endorses Ted Cruz for US Senate

The junior senator from Texas has spoken at several crypto conferences about Bitcoin mining and its potential benefits for the Lone Star State’s energy grid.

The cryptocurrency and blockchain advocacy organization Texas Blockchain Council (TBC) announced it endorsed incumbent Ted Cruz for reelection in the United States Senate.

In an Aug. 12 X post, president Lee Bratcher said the TBC would endorse the junior senator as Cruz addressed a crowd at a Core Scientific mining facility in Denton, Texas. Bratcher hinted the Texas senator was knowledgeable about “Bitcoin as a tool for ensuring freedom and mining as a tool for grid stability.” In an X post at the event, Cruz said, “Crypto is the future.”

Source: Lee Bratcher

Read more

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

North Carolina lower chamber overturns governor’s veto of CBDC ban

The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto.

There is still hope for the bill passed by the North Carolina General Assembly banning the American state from testing or accepting a United States central bank digital currency (CBDC) after the state House of Representatives overturned the governor’s veto. If the state Senate follows suit, the bill will go into force.

The bill passed both chambers of the state legislature in overwhelming bipartisan votes on June 26. The state’s General Assembly is dominated by the Republican party, which has shown strong opposition on the state and national levels to the introduction of a US CBDC. The veto override has already been passed to the Senate Committee on Rules.

Democratic Governor Roy Cooper vetoed the bill on July 5. Only two Democratic lawmakers voted in favor of overturning the veto, while 40 reversed their stance in the passage of the bill. Cooper wrote in his veto:

Read more

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in Texas

Senator Ted Cruz Acquires 3 Bitcoin ASIC Miners, Begins ‘Hashing’ in TexasRepublican Senator Ted Cruz from Texas has announced that he purchased three application-specific integrated circuit (ASIC) bitcoin miners. “I just bought 3 Bitcoin miners that started hashing today in Iraan, TX,” the Senator stated on X this week. “I’m proud to join the ranks of Texas bitcoin miners,” he added. Cruz is an ardent advocate […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Stand With Crypto Unveils Political Action Committee (PAC) To Support Digital Asset-Friendly Candidates: Report

Stand With Crypto Unveils Political Action Committee (PAC) To Support Digital Asset-Friendly Candidates: Report

A nonprofit digital asset advocacy group backed by crypto exchange Coinbase is reportedly launching a Political Action Committee (PAC) to support crypto-friendly candidates. According to a new report by Reuters, Stand With Crypto, a group with 440,000 members, is launching a PAC to support bipartisan politicians running for Senate or the House of Representatives. Some […]

The post Stand With Crypto Unveils Political Action Committee (PAC) To Support Digital Asset-Friendly Candidates: Report appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

CBDC Anti-Surveillance State Act Back in the Senate

CBDC Anti-Surveillance State Act Back in the SenateThe CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Texas Senator Ted Cruz Launches New Legislation To Ban Central Bank Digital Currencies (CBDCs)

Texas Senator Ted Cruz Launches New Legislation To Ban Central Bank Digital Currencies (CBDCs)

Republican senator Ted Cruz is continuing to press for the US government to ban central bank digital currencies (CBDCs). According to a new press release from Cruz (R-Texas), the Senator is introducing legislation to outright ban CBDCs. According to the release, the legislation is a partisan effort between Sens. Bill Hagerty (R-Tenn.), Rick Scott (R-Fla.), Ted […]

The post Texas Senator Ted Cruz Launches New Legislation To Ban Central Bank Digital Currencies (CBDCs) appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida

Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in FloridaOn Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Uniform Commercial Code (UCC) now explicitly forbids the use of a federally adopted CBDC as money. Florida Puts the Brakes on CBDCs The […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

US Senator Ted Cruz Warns a CBDC Would Be ‘Profoundly Dangerous,’ Says Idea Is Backed by People Who Hate Bitcoin

US Senator Ted Cruz Warns a CBDC Would Be ‘Profoundly Dangerous,’ Says Idea Is Backed by People Who Hate Bitcoin

Texas senator Ted Cruz is warning of the dangers behind the adoption of a central bank digital currency (CBDC). In a new interview at a Bitcoin (BTC) policy summit hosted by Swan Bitcoin, Cruz says a CBDC gives the government too much control over people’s currency. “I’m very concerned about the risk of a CBDC. President […]

The post US Senator Ted Cruz Warns a CBDC Would Be ‘Profoundly Dangerous,’ Says Idea Is Backed by People Who Hate Bitcoin appeared first on The Daily Hodl.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe