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Ted Cruz: “I don't like the federal government picking winners and…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Senator Ted Cruz Discusses Crypto Legislation and Policy Challenges

Published | Video Starts at 16:11

Look, I'll tell you on that idea, I'm keeping my powder dry. I think there could be potential benefits from it, but there could be also real potential downsides. My general approach to government is I don't like the federal government picking winners and losers [in cryptocurrency]. And I don't really want the federal government saying, okay, this cryptocurrency, we like, this one we don't like. What that invites is political corruption. What that invites is people making self interested decisions. (16:11–16:18)

CLAIM

Asserts opposition to federal government involvement in selecting favored cryptocurrencies.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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