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Bitcoin is appealing to a US senator because it is decentralised and uncontrollable
Senator Ted Cruz of the United States stated that one of the reasons he is optimistic about bitcoin is that it is not centrally controlled and is decentralised. He went on to say, "China recently banned bitcoin because they can't control it, which is exactly why Elizabeth Warren despises bitcoin."
Senator John McCain of the United States is bullish on Bitcoin
U.S. During the Conservative Political Action Conference, U.S. Senator Ted Cruz of Texas spoke favourably about bitcoin. Thursday. (CPAC), which was founded in 1974, is described on its website as "the world's largest and most influential gathering of conservatives."
During his speech at the event, the senator stated the following:
One of the reasons I'm so optimistic about cryptocurrency, particularly bitcoin, is that it is decentralised and uncontrollable.
"Let me give you an incredible example," he went on. "Because Justin Trudeau stated that he does not like truckers, your assets will be frozen." So the court went to try to halt the crypto distribution to the truckers."
Senator Cruz began by reading aloud a letter sent to the Ontario Superior Court Justice by Nunchuck, a Bitcoin wallet company. On February 18, the court ordered the company to reveal and freeze information about the Freedom Convoy's movements.
The Nunchuck team explained in their letter to the court that it is a "self-custodial, collaborative-multisig Bitcoin wallet." The company told the court that it is "a software provider, not a custodial financial intermediary," citing its status as "a software provider, not a custodial financial intermediary."
We are unable to "freeze" the assets of our users. They are immovable. We have no knowledge of our users' assets' "existence, nature, value, and location." This is the process of designing.
The letter concludes with the company pleading with the court to "look up how self custody and private keys work."
Senator Cruz exclaimed, "That is spectacular," as he put the letter back in his jacket pocket.
Senator Cruz also mentioned being in charge. According to him:
China recently banned bitcoin because it is difficult to control, which is exactly why Elizabeth Warren despises it.
"The Chinese Communists and Elizabeth Warren, they both want to control you, your assets, your savings, your speech, your life, your children — every decision — they want to control," he said.
Senator John Cornyn of Texas owns Bitcoin. In February, he stated that he purchased bitcoins ranging in value from $15,001 to $50,000.
Senator Warren has repeatedly criticised bitcoin, citing environmental and investor safeguards as justifications. She has urged the Securities and Exchange Commission (SEC) of the United States to use "full authority" to regulate cryptocurrency trading.
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By Crypto PiratesSenator Ted Cruz of the United States stated that one of the reasons he is optimistic about bitcoin is that it is not centrally controlled and is decentralised. He went on to say, "China recently banned bitcoin because they can't control it, which is exactly why Elizabeth Warren despises bitcoin."
Senator John McCain of the United States is bullish on Bitcoin
U.S. During the Conservative Political Action Conference, U.S. Senator Ted Cruz of Texas spoke favourably about bitcoin. Thursday. (CPAC), which was founded in 1974, is described on its website as "the world's largest and most influential gathering of conservatives."
During his speech at the event, the senator stated the following:
One of the reasons I'm so optimistic about cryptocurrency, particularly bitcoin, is that it is decentralised and uncontrollable.
"Let me give you an incredible example," he went on. "Because Justin Trudeau stated that he does not like truckers, your assets will be frozen." So the court went to try to halt the crypto distribution to the truckers."
Senator Cruz began by reading aloud a letter sent to the Ontario Superior Court Justice by Nunchuck, a Bitcoin wallet company. On February 18, the court ordered the company to reveal and freeze information about the Freedom Convoy's movements.
The Nunchuck team explained in their letter to the court that it is a "self-custodial, collaborative-multisig Bitcoin wallet." The company told the court that it is "a software provider, not a custodial financial intermediary," citing its status as "a software provider, not a custodial financial intermediary."
We are unable to "freeze" the assets of our users. They are immovable. We have no knowledge of our users' assets' "existence, nature, value, and location." This is the process of designing.
The letter concludes with the company pleading with the court to "look up how self custody and private keys work."
Senator Cruz exclaimed, "That is spectacular," as he put the letter back in his jacket pocket.
Senator Cruz also mentioned being in charge. According to him:
China recently banned bitcoin because it is difficult to control, which is exactly why Elizabeth Warren despises it.
"The Chinese Communists and Elizabeth Warren, they both want to control you, your assets, your savings, your speech, your life, your children — every decision — they want to control," he said.
Senator John Cornyn of Texas owns Bitcoin. In February, he stated that he purchased bitcoins ranging in value from $15,001 to $50,000.
Senator Warren has repeatedly criticised bitcoin, citing environmental and investor safeguards as justifications. She has urged the Securities and Exchange Commission (SEC) of the United States to use "full authority" to regulate cryptocurrency trading.
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