Senator @tedcruz 100% nails it. Why are we trying to regulate something we absolutely don’t understand?!! pic.twitter.com/9L9r6EJaSp
— Bill Barhydt (@billbarhydt) August 9, 2021
Sen. Ted Cruz, R-Texas, went viral on Monday after giving a speech on the Senate floor critical of his colleagues’ attempt to add a provision inside the $1 trillion bipartisan infrastructure bill that would put in place tougher tax enforcement requirements for cryptocurrency transactions.
He essentially told his colleagues that most of them could not tell the difference between a Bitcoin and an old New York City subway token.
“Let’s recognize that if we gathered all 100 senators in this chamber and asked them to stand up and articulate two sentences defining what in the hell a cryptocurrency is, that you would not get greater than five who could answer that question,” he said.