Senator Ted Cruz invokes Canadian unrest to advocate for Bitcoin again
Republican Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization.
Cruz said he is very bullish on Bitcoin because it is highly decentralized and cannot be controlled by any government or entity. He went on to cite the example of an ongoing issue in Canada, where the government enforced emergency laws as a retaliation to the Freedom Convoy trucker’s protest against COVID-19 mandates.
The Canadian government asked financial institutions and banks to freeze accounts of protesters followed by an order to crypto exchanges and crypto wallet service providers to do the same. A non-custodial wallet service provider Nunchuck received a similar order, and their response to the government went viral which eventually found its way to CPAC via Cruz.
One of the reasons I’m bullish on #Bitcoin is because it’s decentralized.The Left hates Bitcoin because they can’t control it. #CPAC2022 pic.twitter.com/D4PYNacNBZ
Cruz read the response of the Bitcoin wallet service provider which asked the Canadian government to read up on self custody wallets and private keys. The response also notified that they don’t have access to any of their user’s financial information beyond their email address, which is by design.
The Republican senator called Nunchuck’s response “spectacular” and went on to cite the example of the Chinese crypto ban to suggest Bitcoin cannot be controlled by governments.
Related: US senator submits resolution to allow crypto payments in Capitol Complex
Senator Cruz has joined the growing list of American politicians rallying behind Bitcoin, who has advocated for use of waste natural gas for Bitcoin mining in Texas and recently
Read more on cointelegraph.com
