"may acquire" sounds to me like Cruz is eligible to acquire but has to go through the steps to obtain citizenship. Has he?
He wasn’t born out of wedlock.
You cited the section of that document that applies to unmarried parents. Ted Cruz's parents were married in 1969. He was born in 1970.
Here is the correct section:
Birth Abroad to One Citizen and One Alien Parent in WedlockSo, it's "acquires," not "may acquire."A child born abroad to one U.S. citizen parent and one alien parent acquires U.S. citizenship at birth under Section 301(g) of the INA provided the U.S. citizen parent was physically present in the United States or one of its outlying possessions for the time period required by the law applicable at the time of the child's birth. (For birth on or after November 14, 1986, a period of five years physical presence, two after the age of fourteen, is required. For birth between December 24, 1952 and November 13, 1986, a period of ten years, five after the age of fourteen, is required for physical presence in the United States or one of its outlying possessions to transmit U.S. citizenship to the child.) The U.S. citizen parent must be the genetic or the gestational parent and the legal parent of the child under local law at the time and place of the childâs birth to transmit U.S. citizenship.