Texas Blockchain Council Endorses Senator Ted Cruz for Re-Election
CryptoNewsTerminal Staff12 Aug, 2024
Texas Blockchain Council Endorses Senator Ted Cruz for Re-Election
The Texas Blockchain Council (TBC), a pro-cryptocurrency and blockchain advocacy group based in the United States, announced its endorsement of Senator Ted Cruz for his re-election campaign to the U.S. Senate in Texas on Sunday. Speaking at an event hosted by bitcoin mining company Core Scientific at its Texas mining facility, TBC Chairman Lee Bratcher said, “Ted Cruz is a leader who understands bitcoin as a tool for freedom and the importance of mining to grid stability.” Cruz, who was present at the event, reportedly spoke in favor of cryptocurrencies, saying, “Crypto is the future.” A Republican, Cruz has previously stated that he likes bitcoin because it is free from government control. The TBC’s endorsement of Cruz is a significant development, as it shows that the blockchain industry is increasingly gaining political support. The council’s members include some of the largest companies in the blockchain space, such as Binance, Coinbase, and Ripple. Cruz’s support for cryptocurrency is likely to be welcomed by many in the blockchain community. The industry has been facing increasing regulatory scrutiny in recent months, and Cruz’s endorsement could help to legitimize it.
