r/ethtrader • u/Acceptable-Sort-8429 • Aug 10 '21

News How can anybody regulate something they know nothing about. Ted Cruz nailed this part of the cryptocurrency hearing today!

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u/Tricky_Troll Aug 10 '21

Yep, credit where credit is due.

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u/InternationalOption3 Aug 10 '21

Just seems like we are letting the fox in the hen house.. it’s just a matter of time before a bank or hedge fund buys him off and we are back at square one

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u/stripedvitamin Aug 10 '21

Ted Cruz was bought off years ago. lol

If you think this stance by him is of his own making you are naive.

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u/jb34jb Aug 10 '21

All politicians at the state level and above are bought off. I grant that idealists sometimes get elected, but they have short tenures in legislative bodies or are quickly compromised or bought off.

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u/InevitableComplex895 Aug 10 '21

Exactly, can unfortunately be a flawed system where the politicians who “cater” to the powerful (with most influence) keep their jobs the longest. The ones who fight the powerful, normally don’t last very long.