Republican Senator Ted Cruz, during his speech at the Conservative Political Action Conference (CPAC) on Friday, once again spoke in favor of Bitcoin (BTC), praising its decentralization.
Cruz said he is very optimistic about Bitcoin because it is highly decentralized and cannot be controlled by any government or entity. He went on to give an example of an ongoing problem in Canada, where the government has enacted emergency laws in response to a Freedom Convoy trucker protesting against COVID-19 mandates.
The Canadian government has asked financial institutions and banks to freeze the accounts of the protesters, after which crypto exchanges and crypto wallet service providers were ordered to do the same. Non-custodial wallet service provider Nunchuck received a similar order and their response to the government went viral, eventually making its way to the CPAC via Cruz.
One of the reasons I am optimistic about Bitcoin is that it is decentralized. The Left hates Bitcoin because they can’t control it. #CPAC2022 pic.twitter.com/D4PYNacNBZ — Ted Cruz (@tedcruz) February 25, 2022
Cruz read a response from a bitcoin wallet service provider who asked the Canadian government to read about self-storage wallets and private keys. The response also stated that they do not have access to any of their users’ financial information other than their email address, which is by design.
The Republican senator called Nunchak’s response “impressive” and cited the example of China’s ban on cryptocurrencies to suggest that governments cannot control Bitcoin.
Related: US Senator Introduces Resolution Allowing Crypto Payments at the Capitol Complex
Senator Cruz has joined a growing list of pro-bitcoin US politicians who advocate using waste natural gas to mine bitcoin in Texas and recently bought bitcoin on the dip. However, his propaganda that the left is anti-Bitcoin, citing Justin Trudeau as an example, has not been well received by cryptocurrency Twitter. One user wrote that Bitcoin is apolitical and politicizing it as “left versus right” is a wrong move.
Politicizing him as left versus right is the wrong approach, Senator. Bitcoin is apolitical — Ben Fairclough (@BFairclough23) February 25, 2022
Another user pointed out that Cruz, being a politician, uses knowledge of bitcoin to his advantage, and suggested that opponents become more supporters of bitcoin in order to oppose him.
He is a politician using his understanding of #bitcoin to his advantage. The only winning move for his political opponents is to support bitcoin more. — Seha Islam⚡ (@sehaislam) February 25, 2022
It is important to note that while there are politicians who are making efforts at the judicial level to change the Bitcoin adoption law, such as Miami Mayor Francis Suarez, Wyoming Senator Cynthia Loomis, and a few others, most of them seem to be focused on using it. as a tool for their political campaigns.