Ted Cruz: China Banned Bitcoin

Ted Cruz Money Quote saying bitcoin has been banned in China because they want to control it and can’t. Ted Cruz said:
  

 

“China recently banned bitcoin, because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin. The Chinese communists and Elizabeth Warren, they both want to control you” — Ted Cruz

Ted Cruz stated that China banned Bitcoin because they cannot control it. Cruz believes that both the Chinese government and Elizabeth Warren dislike Bitcoin because it cannot be controlled by governments or centralized authorities. Some key points:

• China banned Bitcoin and cryptocurrency trading in 2021, citing concerns over speculative trading.
• Cryptocurrencies operate on decentralized networks that are not regulated by any central authority. This lack of control concerns many governments.
• Ted Cruz argues that the main reason for China’s ban was their inability to influence or regulate the Bitcoin network and its transactions.
• Others have also suggested that China wanted to push its own centralized digital currency as an alternative to decentralized cryptocurrencies like Bitcoin.

Ted Cruz: Senators What Bitcoin Is

Ted Cruz Money Quote saying Congress members don’t understand Bitcoin enough to regulate it – but are trying anyway. Ted Cruz said:
 

 

“I doubt there are 5 members of the United States Senate who know what the hell bitcoin is. This is the truth about crypto, Bitcoin, and Congress. But Congress is trying to regulate it anyway” — Ted Cruz

This is the truth about #crypto, #Bitcoin, and Congress.

But Congress is trying to regulate it anyway. pic.twitter.com/Yxj5tXr4pE

— Senator Ted Cruz (@SenTedCruz) November 18, 2021

 
Buy Bitcoin
 

Cruz likely thinks this is a problem because regulations made by people who do not comprehend Bitcoin could have unintended consequences and negatively impact the technology. By regulating something they do not fully grasp, Congress risks passing laws that may not make sense for Bitcoin or could stifle its innovation and growth.

Ted Cruz: Zoning Waiver May be Corrupt

Ted Cruz Money Quote saying during the March 3 Republican Presidential debate that it would be understandably corrupt if Donald Trump was contributing to NY City commission as a real estate developer. Ted Cruz said:
 

 

“Listen, we could all understand if you write a check to a city commission because you’re looking for a zoning waiver on building a building. That may be corrupt, but you could understand real estate developers doing that” — Ted Cruz

Ted Cruz seems to be acknowledging that while giving money to local politicians in exchange for favors like zoning approvals could be seen as corrupt, it is at least an understandable action from the perspective of real estate developers wanting to advance their business interests.

However, Cruz may not necessarily be condoning such behavior. His point appears to be that developers have financial motivations to try to curry political favor through donations, even if doing so blurs ethical lines.

Overall, the quote reflects a nuanced view that while such transactions could be corrupt, the pragmatic concerns of developers attempting to influence the process are also somewhat comprehensible, even if not fully justified.

Ted Cruz: Disconnect Your Shame Sensor

Ted Cruz Money Quotation saying politicians must become inured to embarrassments of begging for campaign cash. Ted Cruz said:
 

 

“Running for president is real simple: you just have to surgically disconnect your shame sensor, because you spend every waking moment asking people for money. That is politics in a nutshell” — Ted Cruz

Ted Cruz seems to be making a cynical observation about the realities of running for political office. He suggests that to seek the presidency, one must essentially turn off their sense of embarrassment or humility, as campaigning requires constantly soliciting donations from others.

According to Cruz, politics essentially boils down to focusing primarily on fundraising every moment of the day in order to gain resources for an election bid.

While perhaps an oversimplification, the quote reflects Cruz’s view that modern campaigns necessitate switching off feelings of shame about persistently asking others for money to support one’s ambitions.

His comment carries an undertone of criticism about the financial aspects dominating the process of running for leadership positions.