Sen. Ted Cruz discloses a bitcoin purchase worth up to $50,000


Sen. Ted Cruz, R-Texas, questions U.S. Capitol Police Chief J. Thomas Manger through the Senate Guidelines and Administration Committee listening to on “Oversight of the U.S. Capitol Police Following the January sixth Assault on the Capitol, Half III”, in Washington, January 5, 2022.

Tom Williams | Pool | Reuters

Sen. Ted Cruz purchased bitcoin throughout its dip final month, based on a brand new monetary disclosure with the U.S. Senate.

The Texas Republican purchased between $15,001 to $50,000 of the world’s most useful cryptocurrency on Jan. 25, based on the disclosure. He used the brokerage River to make the transaction.

On the time of the acquisition, bitcoin was buying and selling round $36,000 and $37,000 throughout a sell-off that sparked fears of a “crypto winter.” The final time that occurred was in late 2017 and early 2018, when bitcoin tanked as a lot as 80% from its then-record excessive. The digital coin is now buying and selling round $41,500 because it begins to rebound. The forex hit a document excessive of $69,000 in November.

Cruz has been aligning himself with bitcoin in current months, coming as Texas emerges as a bitcoin mining hub.

He spoke out in August towards provisions within the bipartisan Senate invoice that may have included new tax guidelines for crypto-trading companies and brokers. In November, Cruz proposed a decision that may permit meals distributors and different retailers serving Congress to simply accept cryptocurrency as fee.

Cointelegraph first reported the Jan. 25 transaction.

Subscribe to CNBC on YouTube.



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 23,311.25
ethereum
Ethereum (ETH) $ 1,838.12
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 0.999467
bnb
BNB (BNB) $ 308.08
xrp
XRP (XRP) $ 0.379278
cardano
Cardano (ADA) $ 0.537134
binance-usd
Binance USD (BUSD) $ 0.999749
solana
Solana (SOL) $ 40.43
dogecoin
Dogecoin (DOGE) $ 0.080416
polkadot
Polkadot (DOT) $ 8.38
shiba-inu
Shiba Inu (SHIB) $ 0.000015
staked-ether
Lido Staked Ether (STETH) $ 1,787.00
avalanche-2
Avalanche (AVAX) $ 25.66
dai
Dai (DAI) $ 1.00
matic-network
Polygon (MATIC) $ 0.886492
tron
TRON (TRX) $ 0.068186
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 23,273.24
ethereum-classic
Ethereum Classic (ETC) $ 41.09
okb
OKB (OKB) $ 20.79
leo-token
LEO Token (LEO) $ 5.33
litecoin
Litecoin (LTC) $ 60.29
ftx-token
FTX (FTT) $ 30.07
near
NEAR Protocol (NEAR) $ 4.97
chainlink
Chainlink (LINK) $ 8.07
uniswap
Uniswap (UNI) $ 7.94
crypto-com-chain
Cronos (CRO) $ 0.144312
cosmos
Cosmos Hub (ATOM) $ 11.67
stellar
Stellar (XLM) $ 0.121332
monero
Monero (XMR) $ 168.02
flow
Flow (FLOW) $ 2.57
bitcoin-cash
Bitcoin Cash (BCH) $ 134.06
algorand
Algorand (ALGO) $ 0.341405
aerarium-fi
Aerarium Fi (AERA) $ 7.12
filecoin
Filecoin (FIL) $ 8.13
vechain
VeChain (VET) $ 0.029232
apecoin
ApeCoin (APE) $ 6.01
internet-computer
Internet Computer (ICP) $ 7.35
chain-2
Chain (XCN) $ 0.083321
decentraland
Decentraland (MANA) $ 0.971613
the-sandbox
The Sandbox (SAND) $ 1.22
tezos
Tezos (XTZ) $ 1.87
hedera-hashgraph
Hedera (HBAR) $ 0.073993
axie-infinity
Axie Infinity (AXS) $ 16.96
eos
EOS (EOS) $ 1.48
quant-network
Quant (QNT) $ 110.19
aave
Aave (AAVE) $ 101.73
frax
Frax (FRAX) $ 0.999528
lido-dao
Lido DAO (LDO) $ 2.49
theta-token
Theta Network (THETA) $ 1.39
Shares