Senator TedCruz has found something more productive to do during this year's Texas freeze: Instead of heading to the Riviera Maya, he headed to River Financial to buy some Bitcoin.
in the recent infrastructure bill that critics said would extend the definition of a ‘broker’ to miners, and potentially even validators and coders.slowed or ceased operations
to help protect the state’s energy grid infrastructure, which failed during a prolonged freeze in 2021. Cruz himself was notoriously absent for part of that time, as he was visiting the Mexican resort of Cancún. River Financial is licensed in a number of U.S. states, but does not note a Texas Money Transmitter license on its website. According to the Texas Department of Banking guidance on Virtual Currencies, however, “no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies.”
A number of Members of Congress, including Democrats Jake Auchinloss of Massachusetts and Marie Newman of Illinois, and Republicans Jeff Van Drew of New Jersey and Barry Moore of Alabama, have disclosed holdings in cryptocurrency or related stocks.
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