According to new financial disclosures filed on Friday, February 4, U.S. Sen. Ted Cruz purchased bitcoin during the recent drop. The buying range, as per the report, is between $15k and $50k. Cruz used River brokerage to make the transaction, and on the day when he purchased the bitcoin, it was trading below the level of $37,000.
Today, the price of bitcoin crossed the $40,000 level for the first time since January 20.
He has advocated for the acceptance of cryptocurrency payments at gift shops and vending machines in the United States Capitol complex, and he has spoken out against a provision in the recent infrastructure bill that opponents claim would expand the definition of “broker” to include miners, validators, and coders.
River Financial is licensed in several states, but their website does not include a Texas Money Transmitter licence. According to the Texas Department of Banking’s Virtual Currencies guidelines, “no currency exchange licence is necessary in Texas to undertake any form of transaction exchanging virtual with sovereign currencies.”
Several members of Congress, including Democrats Jake Auchincloss of Massachusetts and Marie Newman of Illinois, as well as Republicans Jeff Van Drew of New Jersey and Barry Moore of Alabama, have reported ownership of bitcoin or similar stocks.
