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Senator Ted Cruz invokes Canadian unrest to defend Bitcoin again


Republican Senator Ted Cruz, during his speech to the Conservative Political Action Conference (CPAC) on Friday, again made the case for Bitcoin (BTC) while praising its decentralization.

Cruz said he was very bullish on Bitcoin because it is highly decentralized and cannot be controlled by any government or entity. He went on to cite the example of a persistent problem in Canada, where the government enforced emergency laws in retaliation for Freedom Convoy truckers’ protest against COVID-19 warrants.

The Canadian government has asked financial institutions and banks to freeze protesters’ accounts, followed by an order for crypto exchanges and crypto wallet service providers to do the same. A noncustodial wallet service provider, Nunchuck, received a similar order, and their response to the government went viral and eventually made it to CPAC via Cruz.

Cruz read the response from the bitcoin wallet service provider who asked the Canadian government to inquire about self-custody wallets and private keys. The response also informed that they don’t have access to any of their user’s financial information beyond their email address, which is by design.

The Republican senator called Nunchuck’s response “spectacular” and went on to cite the example of China’s crypto ban to suggest that Bitcoin cannot be controlled by governments.

Related: US Senator Submits Resolution to Allow Crypto Payments in Capitol Complex

Joining the growing list of American politicians who rally around Bitcoin, Senator Cruz has advocated using waste natural gas for Bitcoin mining in Texas and recently bought the Bitcoin dip. However, his spread on the left being anti-Bitcoin citing Justin Trudeau as an example was not well received by crypto Twitter. One user wrote, Bitcoin is apolitical and politicizing it as “left versus right” is a bad move.

Another user noted that Cruz being a politician uses knowledge of Bitcoin to his advantage and suggested that naysayers become more pro-Bitcoin to counter him.

It is important to note that while there are policymakers who are making efforts at the judicial level to make changes to the law for the adoption of Bitcoin, such as Miami Mayor Francis Suarez, Wyoming Senator Cynthia Lumis and a few others, however, a majority of them seem to be focused on using it as a tool for their political campaigns.