Texas senator Ted Cruz bought the last Bitcoin dip

According to a fiscal disclosure filed connected February 4, US legislator Ted Cruz bought the past Bitcoin dip.

The filing shows that the Texas Republican bought betwixt $15.001 to $50.000 worthy of Bitcoin connected January 25, and utilized the brokerage River to marque the transaction.

Cruz joins the US Senate Bitcoin boosters

Until recently, Wyoming’s Cynthia Lummis and Pennsylvania’s Pat Toomey were the lone 2 US senators invested successful cryptocurrencies.

However, with his January purchase, Cruz joined the ranks of Republican senators who disclosed their crypto allocations. 

At the clip of Cruz’s purchase, the terms of Bitcoin was down astir 47% from its ATH recorded successful November, erstwhile the cryptocurrency approached $69.000.

The Texas Republican disclosed the acquisition aboriginal wrong the reporting deadline acceptable by The Stop Trading connected Congressional Knowledge (STOCK) Act, which requires members of Congress to study the purchase, merchantability oregon speech of immoderate stock, bond, commodities aboriginal oregon different information that tops $1,000 wrong 45 days pursuing the transaction.

This successful mind, the pursuing weeks could uncover immoderate caller names joining the Bitcoin boosters successful the US Congress, who, akin to Cruz, recognized the past terms dip arsenic an opportune constituent of entry. 

One of the names that is highly improbable to beryllium connected that database is Congresswoman Alexandria Ocasio-Cortez, who sits connected the House Financial Services Committee.

According to Ocasio-Cortez, known by the moniker AOC, investing successful cryptocurrencies, particularly Bitcoin, presents a wide conflict of interest–on the number of “having entree to delicate accusation and upcoming policy.”

One happening is certain, with the US authorities preparing to leap connected crypto regularisation arsenic a substance of precocious priority, investors volition beryllium connected the lookout for representatives disclosing having tegument successful the game. 

Waiting for the opportunity

One tin reason that Cruz fell down the Bitcoin rabbit spread immoderate clip ago, and was conscionable waiting for the adjacent dip. 

Last August, the Texas Republican voiced his absorption to the provisions successful the bipartisan Senate measure that would present caller taxation rules for crypto-trading firms and brokers. 

🚨🚨The Senate is connected the verge of passing authorities that would beryllium TERRIBLE for cryptocurrency.🚨🚨

The infrastructure woody contains DANGEROUS provisions that would devastate crypto and blockchain innovation.

Supporters of crypto request to marque their voices heard. https://t.co/iXrcnne0tV

— Ted Cruz (@tedcruz) August 7, 2021

In November, helium submitted a connection that would let restaurants, vendors and different merchants serving Congress to judge cryptocurrency arsenic payment.

Finally, the legislator wasn’t shy astir his unfastened enactment for growing Bitcoin mining operations successful the state.

“I would similar to spot Texas go the halfway of the beingness for Bitcoin and crypto,” said Cruz astatine the Texas Blockchain Summit past October, wherever Republican politicians made the lawsuit for the industry.