“The Lone Star State” – “The State of the Lone Star” is the little nickname of this American state like no other. Later attached to the young United States, he has since cultivated an atypical side and likes to stay away from thefederal influence from Washington. When it comes to cryptocurrency, the Texas clearly displays its originality. Projects are multiplying in the second richest state in the country. the bitcoin mining on the sidelines of oil extraction is taking place on a large scale. In addition, some cities are experimenting with it to improve public finances. Ted Cruz – one of two state senators – is in tune with its population and declares its flame for Bitcoin in the media.
Texas positions itself as a pioneer in cryptocurrency
For the past few months, information linking Texas and cryptocurrencies has been pouring in. Indeed, Bitcoin is about to reconcile sources of energy that everything opposes a priori: renewable energies and oil. And it is more particularly the mining which allows this little energy miracle.
It allows so-called “green” energy installations to be profitable rapidly through the use of small mobile mining units. And at the same time, for the more traditional oil extraction industry, it allows to recycle – to upcycle more exactly – gases that usually end up in flares. Profitability, upcyclingfight against energy waste, yes you are not dreaming, we are talking about Bitcoin.
Bitcoin divides politics across the world
And the Republican senator from Texas – Ted Cruz – has also understood the interest of crypto for the state he represents in Congress. May 23he was giving the keynote address at an event organized by a conservative think tank called Heritage Foundation. The theme of the meeting was Bitcoin and the American Experiment (Bitcoin and the American experience). During this speech, he simply said:
“I believe in Bitcoin. I want Texas to be the oasis on Earth for bitcoin and crypto. »
But far from being satisfied with a declaration of love to cryptocurrencieshe took the opportunity to settle some scores with his opponents policies. In particular, there were a few stray bullets for Elizabeth Warren and Jérôme Powell. They represent – according to Cruz – draconian federal interventionism. Selected pieces :
” They [les démocrates] don’t like things they can’t control. It is for the exact same reason that most Democrats dislike Bitcoin. Why does he prevent Elizabeth Warren from sleeping? Because socialists tend to stick their noses around and dream of controlling every penny of our bank accounts. »
And he adds about Central Bank Digital Currencies:
“I think it’s a horrible and very dangerous idea. »
You got it, Bitcoin has become a new fracture line in modern politics. It divides Democrats and Republicans in the United States, but not only. On a planetary scale, the clashes through the media are multiplying. The notions of freedom and financial independence create shocks in public opinion. Partisan ideologies are overtaken by modernity of Bitcoin which find opponents on the right as well as on the left. Will all this little world be reconciled by the ecological argument? All eyes are – as per usual – turned to Uncle Sam.
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