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WTAS: Sen. Cruz Leads the Fight for Cryptocurrency | U.S. Senator Ted Cruz of Texas

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11 months ago

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WTAS: Sen. Cruz Leads the Fight for Cryptocurrency | U.S. Senator Ted Cruz of Texas

WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) continues to make news for his leadership in the cryptocurrency space. Last week, President Trump signed his resolution into law overturning a Biden-era rule that would have undermined American leadership in cryptocurrency. Significantly, this is also the first cryptocurrency bill to ever be signed into law.

Read more about Senator Cruz’s leadership and accomplishments for Bitcoin and cryptocurrency below.

THE DALLAS EXPRESS: Cruz Control: Celebrating Cryptocurrency Win After Trump Signs New Law

“Senator Ted Cruz declared a win for the cryptocurrency community when President Donald Trump signed his Congressional Review Act into law.

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Cruz has emerged as one of crypto’s most vocal advocates in the Senate. The senator has introduced a series of bills aimed at boosting the industry, and fending off what he views as federal overreach into digital financial systems.”

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CRYPTO IN AMERICA: Trump Makes History Signing First Crypto Bill into Law

“The bill, introduced under the Congressional Review Act by Republican Senator Ted Cruz (R-TX) to repeal the IRS’s so-called ‘DeFi broker rule,’ passed the Senate on March 26 with overwhelming bipartisan support in a 70–28 vote.

‘This rule would have undermined American leadership on cryptocurrency, and I am grateful to President Trump for signing my resolution into law,’ Cruz, who attended the signing ceremony Thursday afternoon, told Crypto In America. ‘The resolution is a victory for innovation, privacy, and economic freedom.’”

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INSIGHTS: The First U.S. Crypto Law is Now in Effect! Trump Has Eliminated DeFi Regulations!

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“The rules faced quick backlash. Critics argued they would hinder DeFi development. Republican Senator Ted Cruz pushed to repeal these rules, and now he has Trump’s support. Cruz attended the signing ceremony and stated, ‘This regulation will undermine America’s leadership in crypto. I thank President Trump for signing my resolution into law.’

Cruz added, ‘We are protecting developers building the future of cryptocurrency. We clearly state that America will not cede digital leadership to China. We will preserve the ability for Americans to trade without government interference.’”

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DECRYPT: Ted Cruz Introduces FLARE Act to Repurpose Flared Gas for Bitcoin Mining

“U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining.

Cruz specifically pointed to crypto mining as a direct output of this extra energy. In a statement announcing the bill’s introduction, he said that it, ‘takes advantage of Texas’s vast energy potential, reinforces our position as the home of the Bitcoin industry, and is good for the environment.’”

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THE STREET ROUNDTABLE: Senator Ted Cruz proposes bill to power Bitcoin mining with wasted gas

“With Bitcoin mining still at the center of the debate over cryptocurrency’s environmental footprint, U.S. Senator Ted Cruz has introduced legislation intended to change the narrative — and the power source.

Cruz emphasized the bill’s environmental and economic angles in a statement released when it was announced…Cruz’s measure could be considered part of a larger political drive to keep crypto innovation — and energy consumption — inside U.S. limits with a climate-conscious touch to mining.”

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CRYPTO.NEWS: Ted Cruz introduces FLARE Act to incentivize Bitcoin mining with waste gas

“United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations.

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By turning stranded gas into usable energy, Cruz and supporters argue the bill would not only cut emissions but also boost energy innovation and grid resilience, especially during periods of peak demand or extreme weather.”

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CRYPTOSLATE: Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining

“Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate ‘value-added products,’ like mining Bitcoin (BTC) and other digital assets.

According to Cruz, the bill simultaneously addresses two challenges: reducing oil and gas industry emissions and encouraging energy use innovation.”

BACKGROUND

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  • Sen. Cruz introduced the Facilitate Lower Atmospheric Released Emissions (FLARE) Act, incentivizing entrepreneurs and crypto miners to use natural gas that would otherwise be stranded.

  • Sen. Cruz introduced the Anti-CBDC Surveillance State Act, legislation that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC). This bill passed with an overwhelming bipartisan support.

  • Sen. Cruz passed a joint resolution of disapproval overturning the IRS’s Gross Proceeds Reporting rule for brokers handling digital asset sales.

  • Sen. Cruz authored the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution, also known as the ACCEPT Resolution.

  • Sen. Cruz introduced an amendment to repeal a provision from the 2021 infrastructure package that created new reporting requirements for many cryptocurrency and blockchain companies in both the 117th and 118th Congresses.

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Crypto

Better Cryptocurrency to Buy Today With $3,000 and Hold for 7 Years: XRP vs. Bitcoin

Published

15 hours ago

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March 4, 2026

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Better Cryptocurrency to Buy Today With ,000 and Hold for 7 Years: XRP vs. Bitcoin

Key Points

  • Bitcoin is a store of value, but it’s facing a huge risk in the next 10 years or so.

  • XRP has utility today, but it’s facing an onslaught of competitors in the same time frame.

  • One of these assets has a more straightforward path to its ongoing success.

Buying a cryptocurrency and then holding it for seven years is less about picking the flashiest chain of today, and more about picking the investment thesis that can inspire your conviction over time, survive your own boredom when the market is slow, and perhaps most importantly, survive a couple of gut-check drawdowns.

So with $3,000 to allocate today, is it smarter to load up on Bitcoin(CRYPTO: BTC) or XRP(CRYPTO: XRP) if you’re (hopefully) going to be holding whatever you pick through 2033?

Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »

Image source: Getty Images.

Bitcoin’s job is simple

Bitcoin’s pitch is that it’s an asset with a fixed supply and enough of a social consensus about its worth that it functions as a store of value.

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The coin’s supply cap is hard-coded at 21 million coins that can ever be mined. A lot of that supply, approximately 20 million Bitcoin, is already out in the world.

And if you’re building a well-balanced crypto portfolio, it’s the scarcity of the remaining supply and the guarantee that it’ll only get scarcer and more challenging to produce in the future that makes this coin a must-have holding.

Nonetheless, the long-term risk that investors should not dismiss is the advent of quantum computing, which in theory could crack Bitcoin’s encryption and enable the theft of coins at some point in the tail end of the next 10 years. There are some early steps taking place to update the coin to prevent that from being possible. Even so, the risk might not be fully addressed for years, or perhaps even too late to prevent a quantum attack which turns into a disaster for holders.

But the odds are good that Bitcoin’s developers will adapt to the threat in time.

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XRP needs to keep winning to outperform

XRP is a bet that its chain, the XRP Ledger (XRPL), becomes important financial plumbing, and that demand for the coin rises alongside its use.

There are a few pieces of evidence that suggest it’s succeeding. The XRPL saw around 1.1 million daily transactions recently, and it hosts 7.6 million activated wallets. That activity could accelerate if financial institutions continue to onboard their capital to the network in hopes of managing it more readily than they could elsewhere.

Still, XRP competes against other money transfer rails and also against legacy systems for capital management. It needs to beat out that competition consistently over time to continue to grow. And while it’ll likely win enough of its competitive fights to survive and expand somewhat for the next seven years, to continue to thrive and be a great investment, it’ll need to be winning against bigger and bigger competitors all the while — and that’s a lot harder to believe in because it’s a high bar.

So if you want a coin for a seven-year hold that demands the least babysitting and the least competitive jockeying, invest your $3,000 into Bitcoin, as it only needs to change elements related to its security rather than its core feature set.

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Should you buy stock in XRP right now?

Before you buy stock in XRP, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $523,599!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,118,640!*

Now, it’s worth noting Stock Advisor’s total average return is 951% — a market-crushing outperformance compared to 194% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.

See the 10 stocks »

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*Stock Advisor returns as of March 3, 2026.

Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has a disclosure policy.

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Crypto

Millions of dollars in crypto left Iranian exchanges after strikes, researchers say

Published

1 day ago

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March 3, 2026

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Millions of dollars in crypto left Iranian exchanges after strikes, researchers say
Outflows from Iranian crypto exchanges spiked in the hours after the U.S. and Israeli ‌strikes on Iran on Saturday, two blockchain analytics companies said, although researchers added it was not possible to be certain what was behind the moves.
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Crypto

Wisconsin lawmakers crack down on cryptocurrency scams

Published

2 days ago

on

March 3, 2026

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Wisconsin lawmakers crack down on cryptocurrency scams

MADISON, WI (WTAQ) — A new bipartisan bill is the state legislature is attempting to keep Wisconsinites safe from scammers.

Assembly Bill 968 creates consumer protections around cryptocurrency kiosks—and is aimed at stopping criminals from using crypto-kiosks to steal from victims. It was passed by the assembly last month and is now heading to the senate.

Americans lost over $330 million to scams involving crypto-kiosks in 2025.

As amended; the bill that passed the assembly would:

  • set daily transaction limits at $1,000
  • require cryptocurrency-kiosk operators to provide users with receipts
  • implement consumer-identification measures for every transaction
  • allow scam victims to receive refunds

“This also requires crypto-kiosk operators to be licensed as a money transmitter with the Department of Financial Institutions,” said bill co-author Representative Dean Kaufert (R-Neenah). “Right now there is no state statute with regards to these crypto machines, and there has to be some oversight.”

Over 700 cryptocurrency kiosks are located in convenience stores, gas stations, restaurants, and other locations throughout Wisconsin.

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Detective Kevin Bahl with the Green Bay Police Department says although these scams don’t discriminate, scammers usually target the senior population.

“That’s because they’re the ones with more of the built up funds; that they can lose a significant of money, but we have seen a lot of younger victims too,” said Det. Bahl. “Victims are losing anywhere between a couple thousand dollars, all the way up to hundreds of thousands of dollars.”

The senate will reconvene beginning the second week of March, where Rep. Kaufert believes they will pass Senate Bill 975. Then the bill will go to the governor for approval by April 1. If approved, the law would likely go into effect around June.

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