In an exclusive interview with Cointelegraph, US Senator Ted Cruz shares his vision for Bitcoin, the broader crypto industry, and the future of his home state of Texas.

As a self-proclaimed Bitcoin (BTC) miner, Cruz emphasized BTC’s potential to empower small businesses, spur innovation and act as a hedge against inflation.

While optimistic about the future of BTC and crypto mining, Cruz cautioned against hasty government regulations, stressing the need to better understand Congress before regulatory actions.

“Few members of Congress understand cryptocurrency, so I urge my colleagues to proceed slowly and carefully with any regulation governing cryptocurrency.”

Bitcoin’s Impact on Small Businesses

Cruz said he was “happy with bitcoin,” praising its ability to provide privacy, autonomy and freedom from government control.

“Most congressional Democrats are deeply skeptical of bitcoin,” he said. “They don’t like that it leads to individual freedom, privacy, autonomy and independence from government.”

With the incoming administration of US President-elect Donald Trump, Cruz predicted that “Republicans will liberate small businesses and cryptocurrency like never before.”

“I’m proud to lead the fight to defend cryptocurrency from overreaching government regulation. I introduced legislation to stop central bank digital currency development and to make clear that the Federal Reserve can unilaterally There is no option to do so.