Ted Cruz’s speech on cryptocurrency goes viral, accuses senators of ‘ignorance’ on issue

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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.

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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.

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“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.


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