Sen. Ted Cruz Discloses Bitcoin Purchase, Receiving Crypto Industry Endorsement

IconCryptoNewsTerminal Staff16 Aug, 2024

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Sen. Ted Cruz Discloses Bitcoin Purchase, Receiving Crypto Industry Endorsement

Texas Senator Ted Cruz, a prominent Republican, has disclosed purchasing up to $100,000 worth of Bitcoin in 2023. The disclosure, made in a personal financial filing with the U.S. Senate, reveals that Cruz erworben between $50,000 and $100,000 of Bitcoin through River Financial. The disclosure comes shortly after the Texas Blockchain Council, an advocacy group promoting cryptocurrency and blockchain technology, endorsed Cruz's re-election campaign for the Senate. This endorsement highlights the growing support for cryptocurrency within the Republican party. Cruz's Bitcoin purchase and the endorsement from the Texas Blockchain Council underscore the increasing mainstream adoption of cryptocurrency and blockchain technology. As the industry continues to mature, it is likely that we will see more public figures and organizations embracing these innovative technologies.

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