The Texas Blockchain Council has publicly shown its support for Senator Ted Cruz, backing him for another term in the United States Senate. Lee Bratcher, the president of the council, shared this endorsement on August 12. This decision by the Texas Blockchain Council marks a significant point in the relationship between the blockchain community and political figures. It shows how the council and similar groups are playing a bigger role in politics.
DEYTHERE Media News reports this endorsement, noting that it shows the increasing power of cryptocurrency and blockchain supporters in Texas and throughout the country. As more people understand and invest in blockchain technology, their influence in political matters is also growing. This relationship between tech advocates and political leaders is expected to deepen as the technology becomes more mainstream.
The TBC’s decision to back Cruz was made public during an event at Core Scientific’s mining facility in Denton, Texas. Addressing the crowd, Cruz spoke passionately about the potential of cryptocurrency, stating, “Crypto is the future.” This sentiment resonates deeply with the TBC, which views Bitcoin and other digital assets as tools for ensuring freedom and stability.
DEYTHERE Media News notes that Cruz’s relationship with the council is not new. He has previously spoken at various TBC events, including the renowned North American Blockchain Summit, where he discussed the benefits of Bitcoin mining in Texas. The council recognizes Cruz’s commitment to the growth of the blockchain industry, particularly in how mining operations can bolster the state’s energy grid.
Texas Blockchain Council Recognizes Cruz’s Record on Crypto
The council’s endorsement is further validated by Cruz’s strong record on cryptocurrency issues. According to Coinbase’s Stand With Crypto political initiative, Cruz is rated as “strongly” supportive of crypto, based on his voting history in Congress and his public statements.
“I like Bitcoin because the government can’t control it,” Cruz famously stated in 2022, a quote that endeared him to many within the blockchain community.
This endorsement comes at a critical time, as Cruz faces a competitive race for his Senate seat. He will be running against Democrat Colin Allred, Libertarian Ted Brown, and Democratic write-in candidate Tracy Andrus in the upcoming November election. Recent polls, such as the ActiVote poll from July 18, show Cruz with an eight-point lead over Allred, positioning him as the frontrunner.
Texas Blockchain Council’s Endorsement Amid Changing Political Landscape
With President Joe Biden announcing he will not seek reelection, Vice President Kamala Harris has accepted the Democratic nomination for the 2024 presidential race. Early polls suggest Harris may have an edge over Republican nominee Donald Trump in several battleground states.
As DEYTHERE Media News reports, Texas remains a key state in the cryptocurrency mining sector, housing major companies like Riot Platforms and Core Scientific. The Texas Blockchain Council has been a defender of the industry, even pushing back against federal government attempts to collect data from miners earlier this year. This endorsement of Cruz signals the Texas Blockchain Council’s ongoing commitment to protecting the interests of the blockchain community in Texas.
Conclusively, Texas Blockchain Council Stands Firm with Cruz
In conclusion, the Texas Blockchain Council’s endorsement of Ted Cruz for Senate is a major development in the intersection of politics and blockchain. This move reflects the council’s belief in Cruz as a leader who understands and supports the values of the blockchain community. With his strong record on crypto issues and the backing of the Texas Blockchain Council, Cruz is well-positioned to continue championing the interests of the blockchain industry in the Senate.
As the November election approaches, all eyes will be on Texas to see how this endorsement impacts the race. DEYTHERE will keep track and report on the developments, keeping the public informed about this crucial intersection of politics and blockchain.
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