Sen. Ted Cruz, R-Texas, questions U.S. Capitol Police Leader J. Thomas Manger right through the Senate Laws and Management Committee listening to on “Oversight of the U.S. Capitol Police Following the January sixth Assault at the Capitol, Phase III”, in Washington, January 5, 2022.
Tom Williams | Pool | Reuters
Sen. Ted Cruz purchased bitcoin right through its dip final month, in step with a brand new monetary disclosure with the U.S. Senate.
The Texas Republican purchased between $15,001 to $50,000 of the sector’s most useful cryptocurrency on Jan. 25, in step with the disclosure. He used the brokerage River to make the transaction.
On the time of the purchase, bitcoin used to be buying and selling round $36,000 and $37,000 right through a sell-off that sparked fears of a “crypto iciness.” The final time that took place used to be in overdue 2017 and early 2018, when bitcoin tanked up to 80% from its then-record prime. The virtual coin is now buying and selling round $41,500 because it begins to rebound. The foreign money hit a list prime of $69,000 in November.
Cruz has been aligning himself with bitcoin in contemporary months, coming as Texas emerges as a bitcoin mining hub.
He spoke out in August in opposition to provisions within the bipartisan Senate invoice that will have incorporated new tax regulations for crypto-trading corporations and agents. In November, Cruz proposed a solution that will permit meals distributors and different traders serving Congress to just accept cryptocurrency as fee.
Cointelegraph first reported the Jan. 25 transaction.
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