Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis By

© Reuters.

United States Senator Ted Cruz wants to make the American state of Texas an oasis for (BTC) and cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development.

Cruz argued that Bitcoin mining could be used to monetize energy created from oil and gas extraction, rather than burning it. In addition, he emphasized how mining activity can be used as an energy storage and supply alternative:

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