Texas Senator and Wolverine wannabe Ted Cruz said at Texas Blockchain Summit 2022 that he wants Texas to be a “Bitcoin oasis”, along with other cryptocurrencies. Cruz argued that Bitcoin mining can be used to monetize energy from oil and gas extraction, in addition to it being an energy storage and supply alternative. He also mentioned that he likes Bitcoin “because the government can’t control it”. The lawmaker also admitted to purchasing Bitcoin on a weekly basis, and the coin being the only one in his portfolio.

As much as I am against much of Ted Cruz’ political agenda, this is still a pretty big and positive stance for crypto in Texas. As a Texas resident for over 20 years, I am finally proud to say that Cruz has said something right for once! Seeing as how the Texas Comptroller is very pro-crypto, hoping this “Texas Crypto Oasis” comes to fruition!

Written by: nikethereum.eth / Medium / Mirror