Ted Cruz says "I'm a Bitcoin investor personally. I have a standing buy order. Every morning I have a buy of Bitcoin that comes in... I own a little more than 2 BTC."
Per his STOCK Act disclosures he bought btwn 0.4 and 1.4 BTC in Jan 2022. Hasn't disclosed any purchases since.
Few possibilities here.
1) He's not filing his disclosures.
2) He's lying to play to his Bitcoiner audience
3) He bought the remaining 0.6 – 1.6 BTC ($17,400 – $46,400) within the last 30 days
4) He's buying <$1,000 in BTC each week. As I understand it the STOCK Act only requires a Periodic Transaction Report of purchases >$1,000 (regardless of how often they're made, which seems like a crazy loophole!) But I could be wrong on this, please correct if so
Senators have to file annual disclosures which would give more detail, but he requested an extension for his so he doesn't have to file until mid-August.
https://efdsearch.senate.gov/search/view/extension-notice/regular/f3e93a96-dd34-435b-9263-b07b18da58f2/
This clip is from the Bitcoin Policy Summit, which is a "one-day, invite-only policy conference exploring Bitcoin as a strategic opportunity for the United States" that boasted Cruz, Sen. Cynthia Lummis, Rep. Tom Emmer, and former Rep. Tim Ryan as speakers.
If it turns out to be option 1, that he's not filing the required disclosures, he could be fined... $200
No, I didn't forget any 0s.
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