{"id":81626,"date":"2023-11-07T08:11:19","date_gmt":"2023-11-07T13:11:19","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/senator-ted-cruz-now-accepts-campaign-donations-in-bitcoin\/"},"modified":"2023-11-07T08:11:23","modified_gmt":"2023-11-07T13:11:23","slug":"senator-ted-cruz-now-accepts-campaign-donations-in-bitcoin","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=81626","title":{"rendered":"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin"},"content":{"rendered":"<div>\n<figure id=\"attachment_127948\" aria-describedby=\"caption-attachment-127948\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-127948\" class=\"wp-caption-text\">Image Source: Pixabay<\/figcaption><\/figure>\n<p>Senator <strong>Ted Cruz (R-TX)<\/strong> has revealed his decision to accept <strong><span data-preserver-spaces=\"true\">Bitcoin ( BTC)<\/span><\/strong> as part of his campaign fundraising efforts.<\/p>\n<p>\u201cI am bullish on bitcoin, and I\u2019m proud to accept bitcoin campaign donations,\u201d he said in a recent interview with Forbes.<\/p>\n<p>Cruz\u2019s official website now features the Bitcoin logo on the front page, offering supporters the option to donate in crypto.<\/p>\n<p>The Senator is using <strong>BitPay<\/strong>, a crypto payment processor that facilitates Bitcoin, Ethereum ( ETH), Bitcoin Cash ( BCH) and Litecoin ( LTC) payments with the option of instant converting to USD.<\/p>\n<p>The move by Senator Cruz follows a growing trend among political figures embracing cryptocurrencies.<\/p>\n<p>Earlier this year, mayors from Miami and New York City, representing both sides of the political aisle, elected to receive paychecks in Bitcoin, sparking interest and prompting other mayors to consider similar actions.<\/p>\n<p>If Cruz\u2019s move proves successful, it may encourage other politicians to follow suit, potentially triggering a broader adoption of cryptocurrencies in the political landscape.<\/p>\n<p>While Republicans have generally shown more vocal support for Bitcoin, the phenomenon is not strictly partisan.<\/p>\n<p>Senator Kirsten Gillibrand (D-NY) co-sponsored a crypto bill with Senator Cynthia Lummis (R-WY), demonstrating bipartisan interest in legitimizing the industry and clarifying regulations.<\/p>\n<p>Similarly, Representative Ritchie Torres (D-NY) penned an essay titled \u201cA Liberal Case for Cryptocurrency,\u201d highlighting the benefits for the underprivileged and challenging the power dynamics associated with Wall Street.<\/p>\n<p>Bitcoin\u2019s bipartisan support was evident at the recent Bitcoin 2023 conference in Miami, where politicians from diverse backgrounds, including current and former presidential candidates such as Tulsi Gabbard, Robert Kennedy, and Vivek Ramaswamy, delivered speeches.<\/p>\n<h2>Politicians Remain Skeptical of CBDCs<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Despite the growing interest in cryptocurrencies, many politicians remain skeptical, particularly as the Biden Administration pushes for the implementation of a Central Bank Digital Currency (CBDC).<\/p>\n<p>Cruz expressed his concerns about CBDCs during a podcast interview, drawing parallels between their potential surveillance capabilities and the failed efforts behind the Biden Administration\u2019s Build Back Better bill.<\/p>\n<p>He argued that the government\u2019s monitoring of every transaction above $400 would infringe upon the financial privacy of the American people.<\/p>\n<p>Cruz\u2019s sentiments align with the broader resistance to CBDCs among Americans, as indicated by a CATO Institute survey that found 74% of respondents opposing CBDCs as a replacement for traditional currency.<\/p>\n<p>Back in May, Florida Governor Ron DeSantis <span data-preserver-spaces=\"true\">signed a new bill banning CBDCs<\/span><span data-preserver-spaces=\"true\">\u00a0in the state.\u00a0<\/span><\/p>\n<p>The bill, dubbed SB-7054, bans the use of a CBDC as money within the state of Florida.<\/p>\n<p>It also prohibits the use of CBDCs issued by other governments and calls on other states to use their commercial codes to institute similar prohibitions.<\/p>\n<p>At the time, DeSantis highlighted concerns about the potential use of CBDCs to control and surveil Americans.<\/p>\n<p>He suggested that the government could use CBDCs to stop people from buying gas to combat global warming or track how often someone purchases firearms.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/senator-ted-cruz-now-accepts-campaign-donations-in-bitcoin.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am bullish on bitcoin, and I\u2019m proud to accept bitcoin campaign donations,\u201d he said in a recent interview with Forbes. Cruz\u2019s official website now features the Bitcoin logo on the front [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":81627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-81626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=81626\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=81626\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T13:11:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T13:11:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699355475-currency-3341347_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=81626#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=81626\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin\",\"datePublished\":\"2023-11-07T13:11:19+00:00\",\"dateModified\":\"2023-11-07T13:11:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=81626\"},\"wordCount\":513,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=81626#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=81626\",\"url\":\"https:\/\/ifintechworld.com\/?p=81626\",\"name\":\"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-07T13:11:19+00:00\",\"dateModified\":\"2023-11-07T13:11:23+00:00\",\"description\":\"Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=81626#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=81626\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=81626#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin | iFintechWorld","description":"Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=81626","og_locale":"en_US","og_type":"article","og_title":"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin | iFintechWorld","og_description":"Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am","og_url":"https:\/\/ifintechworld.com\/?p=81626","og_site_name":"iFintechWorld","article_published_time":"2023-11-07T13:11:19+00:00","article_modified_time":"2023-11-07T13:11:23+00:00","og_image":[{"width":1280,"height":848,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1699355475-currency-3341347_1280.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=81626#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=81626"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin","datePublished":"2023-11-07T13:11:19+00:00","dateModified":"2023-11-07T13:11:23+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=81626"},"wordCount":513,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=81626#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=81626","url":"https:\/\/ifintechworld.com\/?p=81626","name":"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-07T13:11:19+00:00","dateModified":"2023-11-07T13:11:23+00:00","description":"Image Source: Pixabay Senator Ted Cruz (R-TX) has revealed his decision to accept Bitcoin ( BTC) as part of his campaign fundraising efforts. \u201cI am","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=81626#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=81626"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=81626#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Senator Ted Cruz Now Accepts Campaign Donations in Bitcoin"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/81626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81626"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/81626\/revisions"}],"predecessor-version":[{"id":81628,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/81626\/revisions\/81628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/81627"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}