Sen. Ted Cruz says he wants Texas to be world's bitcoin, crypto hub

"I want Texas to be the oasis on planet Earth for bitcoin and crypto," Republican Senator Ted Cruz highlighted during an in-person event hosted by The Heritage Foundation on May 23. Cruz's home state of Texas is already known as one of the most popular bitcoin (BTC-USD) mining hubs in the U.S. thanks to relatively low-cost electricity, available hosting capacity and favorable regulations. As of January, Texas accounted for 11.22% of America's bitcoin mining hashrate distribution, making it the second-largest state to mine bitcoin, with Georgia (30.76%) in the lead, according to data from the Cambridge Centre for Alternative Finance. "I believe in Bitcoin," Cruz emphasized, adding that Democrats, namely Senator Elizabeth Warren, don't feel the same way since they can't control the decentralized space. "Why does Elizabeth Warren toss and turn and twitch at night? Because she wants her sticky little socialist fingers to be able to control every penny in every one