{"id":58374,"date":"2022-02-25T17:37:35","date_gmt":"2022-02-25T15:37:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58374"},"modified":"2025-09-04T16:27:06","modified_gmt":"2025-09-04T13:27:06","slug":"u-s-senator-praises-bitcoin-for-its-decentralisation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/u-s-senator-praises-bitcoin-for-its-decentralisation\/","title":{"rendered":"U.S. Senator Praises Bitcoin for Its Decentralisation"},"content":{"rendered":"<p>Texas Republican senator Ted Cruz, in a speech at the Conservative Political Action Conference (CPAC), highlighted Bitcoin\u2019s decentralisation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">One of the reasons I\u2019m bullish on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is because it\u2019s decentralized.<\/p>\n<p>The Left hates Bitcoin because they can\u2019t control it. <a href=\"https:\/\/twitter.com\/hashtag\/CPAC2022?src=hash&#038;ref_src=twsrc%5Etfw\">#CPAC2022<\/a> <a href=\"https:\/\/t.co\/D4PYNacNBZ\">pic.twitter.com\/D4PYNacNBZ<\/a><\/p>\n<p>\u2014 Ted Cruz (@tedcruz) <a href=\"https:\/\/twitter.com\/tedcruz\/status\/1497031845984227328?ref_src=twsrc%5Etfw\">February 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The politician stressed that no one can control the first cryptocurrency. As an example, he cited the situation in Canada, where, amid protests, <a href=\"https:\/\/u1f987.com\/en\/news\/canada-tightens-fundraising-in-cryptocurrencies-amid-protests\">invoked the Emergencies Act<\/a>.<\/p>\n<p>The authorities ordered banks, as well as crypto exchanges and custodial services, to freeze the accounts that received donations in support of the protesters.\u00a0<\/p>\n<p>Such a directive <a href=\"https:\/\/u1f987.com\/en\/news\/vitalik-buterin-canadian-authorities-actions-illustrate-why-cryptocurrencies-are-needed\">was received by<\/a> the team behind the non-custodial wallet Nunchuck. They proposed that the government familiarise itself with the concept of non-custodial wallets and private keys. Cruz called their response &#8216;impressive&#8217; and read it aloud during his CPAC speech. He also reminded about the <a href=\"https:\/\/u1f987.com\/en\/news\/pboc-views-cryptocurrencies-as-a-threat-to-the-traditional-financial-system\">ban on cryptocurrencies<\/a> in China.<\/p>\n<p>Earlier, Wyoming Senator Cynthia Lummis <a href=\"https:\/\/u1f987.com\/en\/news\/senator-lummis-urges-the-fed-to-buy-bitcoin\">proposed<\/a> that the Fed direct a portion of its currency reserves toward purchasing digital gold.<\/p>\n<p>Subscribe to ForkLog&#8217;s Telegram news: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas Republican Senator Ted Cruz, in a speech at the Conservative Political Action Conference (CPAC), highlighted Bitcoin\u2019s decentralisation.<\/p>\n","protected":false},"author":1,"featured_media":58375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,26],"class_list":["post-58374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58374"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58374\/revisions"}],"predecessor-version":[{"id":58376,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58374\/revisions\/58376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58375"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}