Ted Cruz: “The previous administration was putting in place policies…”

“But I guess the question is whether this administration is creating the right environment for crypto to truly thrive or are its own policies getting in the way. Well, listen, what I'll say on that is The previous administration was putting in place policies that would do enormous damage to crypto and bitcoin. If you look at whether it was Gary Gensler or Elizabeth Warren, they hate crypto, they hate bitcoin, and Elizabeth Warren hates bitcoin for the same reason Communist China does.” (03:37–03:45)

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.