Ted Cruz: Senators What Bitcoin Is

Posted by admin on Thursday, November 18, 2021

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 Quote
 

“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

 

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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.

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