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Ted Cruz: “The Flare act is focused in particular on bitcoin mining 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 06:02

We got all the Republicans, 28 Democrats voted no. So going forward, there are a lot of things we can do. I just introduced legislation called the Flare Act. Now, The Flare act is focused in particular on bitcoin mining and using stranded gas. So if you go out to West Texas, West Texas, you've got oil wells being drilled all over the place. You've got pump jacks that are producing oil. (06:02–06:09)

CLAIM

Asserts that the Flare Act targets bitcoin mining and the use of stranded gas.

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