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Ted Cruz: “The Biden administration put in place a decentralized…”

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 04:03

Look, China banned bitcoin because they cannot control it. And Elizabeth Warren and many of the Democrats, they want to control it. If you look at the closing days of The Biden administration put in place a decentralized finance rule that would have been utterly devastating to the crypto industry. With President Trump in the White House, I introduced what's called a Congressional Review act resolution, which is a way Congress can repeal a regulation. (04:03–04:15)

CLAIM

Asserts that a decentralized finance rule by the Biden administration was harmful to the crypto industry.

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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