US Senator Ted Cruz has officially become a Bitcoin miner, setting up operations in Iraan, Texas. Leveraging the state's abundant energy resources and business-friendly laws, Cruz has purchased three ASIC Bitcoin miners, marking a new milestone in his pro-crypto advocacy. The Senator's announcement on X was met with praise from Marathon Digital CEO Fred Thiel, who welcomed him to the Bitcoin mining community and acknowledged his contribution to enhancing network security.

Texas has emerged as a hub for Bitcoin mining, thanks to its favorable business environment and affordable energy options, including wind, solar, and natural gas. This has led to an increase in mining activities in smaller towns like Iraan, generating jobs, boosting energy infrastructure investments, and creating tax revenue. Cruz's financial disclosure reveals a timely investment in Bitcoin, purchasing between $15,000 and $50,000 worth of the cryptocurrency in January, when the price was around $37,000. With Bitcoin currently trading at $69,000, his investment has yielded significant returns, assuming he hasn't sold his holdings.

Cruz is not the only lawmaker embracing crypto. Several senators have disclosed their crypto holdings, reflecting growing political support. Wyoming Senator Cynthia Lummis has invested heavily in Bitcoin, purchasing approximately $250,000 worth, making her the most invested US lawmaker in the asset. Pennsylvania Senator Pat Toomey has also revealed his investments in Grayscale's Bitcoin ETF. Ted Cruz's crypto advocacy has been consistent, opposing a crypto tax proposal in the Senate's infrastructure bill in 2021 and introducing a resolution for merchants and vendors on Capitol Hill to accept cryptocurrency payments.

Moreover, Cruz has been vocal against the Federal Reserve's development of a central bank digital currency (CBDC), citing concerns about privacy, government overreach, and financial surveillance. He has introduced legislation to prevent the Fed from creating a CBDC. Meanwhile, Oklahoma lawmakers have passed House Bill 1600, offering tax credits to digital asset mining operations. Pending the governor's signature, the bill aims to exempt commercial mining machinery from taxes, making state power prices highly competitive for miners and attracting investments to revitalize rural areas. The bill is expected to optimize Oklahoma's electricity grid and reduce power costs for residents.

Senator Ted Cruz's entry into Bitcoin mining marks a significant moment in the growing adoption of cryptocurrencies. As lawmakers increasingly embrace crypto, it reflects a shift in political support and a growing recognition of the asset class's potential. With Texas leading the way in Bitcoin mining, other states are likely to follow, creating a favorable environment for crypto growth and innovation. As the crypto landscape continues to evolve, Senator Cruz's move serves as a testament to the increasing mainstream acceptance of cryptocurrencies.