Senator Ted Cruz, R-Texas, questions U.S. Capitol Police Chief J. Thomas Manger during a Senate Rules and Administration Committee hearing on “U.S. Capitol Police Surveillance After the U.S. Capitol War.” January 6 attack on the Capitol, Part III”, in Washington, January 5, 2022.
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Senator Ted Cruz bought bitcoin During the soak last month, according to a new financial announcement with the United States Senate.
Texas Republicans bought between $15,001 and $50,000 of the world’s most valuable cryptocurrency on January 25, according to the disclosure. He used the brokerage River to execute the trade.
At the time of the buyback, bitcoin was trading around $36,000 and $37,000 in a sell-off that raised concerns of a “crypto winter. “The last time that happened was in late 2017 and early 2018, when bitcoin rallied as much as 80% from its then-record high. The digital currency is currently trading around $41,500 when it started. The coin hit a record high of $69,000 in November.
Cruz has linked himself to bitcoin in recent months, coming as Texas emerges as a bitcoin mining hub.
He speak out in August against provisions in a bipartisan Senate bill that would include new tax rules for companies and brokers that trade crypto. In November, Cruz proposed a Resolution that would allow caterers and other merchants serving Congress to accept cryptocurrency as payment.
Cointelegraph first reported the transaction on January 25.
