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Move over Dogefather, Texas Ted is the new CryptoMessiah

The Senate should actually take the time to try to understand #crypto before even thinking of regulating it the way we're doing.

Washington, D.C. is destroying people's lives and livelihoods from a position of functionally complete ignorance. pic.twitter.com/zDjiwPTLv2

— Senator Ted Cruz (@SenTedCruz) August 9, 2021

[DwightShrute]

Washington is broken. Has been for quite awhile now. The number of decent politicians is dwindling and are replaced by Marxist who are hellbent on destroying the greatest country on Earth.

[Sanity Check]

Texas is building wind farms. Used to power local bitcoin miners in state.

With billions of dollars invested in texas wind farm and crypto mining industries.

The texas state rep has to say something.

[Arky]

Go Ted. Not final yet. No doubt the IRS sticking their grubby fingers in the pie once more....

From today's CryptoCompare Newsletter:

Senator Cynthia Lummis said:

“All that means is we’re gonna have to fight this another day because it’s important that the Congress define these terms and create a level playing field. Going forward this fall we’re gonna have to be much more proactive about defining terms in this space so people can still innovate.”

The bill and the language defining a crypto broker within it are still far from becoming law, as the legislation has to be taken up by the House of Representatives, where it could still be changed.