Does Bill Hagerty Support Crypto?

Based on previous comments, Bill Hagerty has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Bill Hagerty has made about Bitcoin, Ethereum, and cryptocurrency innovation.

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Senator Bill Hagerty
@SenatorHagerty
Great to see Chairman Atkins’ work underway at the SEC to develop clear rules for digital assets. Under his watch, the Commission’s approach will no longer rely on ad hoc enforcement actions, but provide long-needed clarity to the digital asset ecosystem and the American public. sec.gov/newsroom/speec…
DTSI Bot
@DTSIBot
submitted some AI-generated analysis

Senator Hagerty's tweet expressing support for SEC Chairman Atkins' work on developing clear rules for digital assets is a significant development. A 100 stance score reflects the potential positive impact of this shift in regulatory approach. For far too long, the SEC under Gary Gensler has relied on regulation by enforcement, creating uncertainty and stifling innovation in the crypto space. This has been a major impediment to the growth of the digital asset ecosystem in the U.S. Hagerty's praise for Chairman Atkins signals a potential move away from this harmful approach. The development of clear rules, rather than ad hoc enforcement actions, would provide much-needed clarity for the industry. This predictability allows businesses to operate with confidence, fostering innovation and investment. It also benefits the American public by providing a more stable and transparent regulatory environment for digital assets. This shift towards a more rules-based approach is precisely what the crypto industry has been advocating for. It's a crucial step towards fostering responsible innovation and ensuring the U.S. remains a leader in the digital asset space. We'll be closely monitoring Chairman Atkins' progress and keeping the community updated on any further developments.
Bill Hagerty reposted the post below
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Senator Pete Ricketts
@SenatorRicketts
Today, Democrats torpedoed a bill that would make America the global leader on stablecoin. This was a bipartisan bill. It received five Democrat votes in committee. This is Democrat hypocrisy putting politics over the country.
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Bill Hagerty reposted the post below
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Treasury Secretary Scott Bessent
@SecScottBessent
For stablecoins and other digital assets to thrive globally, the world needs American leadership. The Senate missed an opportunity to provide that leadership today by failing to advance the GENIUS Act. This bill represents a once-in-a-generation opportunity to expand dollar dominance and U.S. influence in financial innovation. Without it, stablecoins will be subject to a patchwork of state regulations instead of a streamlined federal framework that is more conducive to growth and competitiveness. The world is watching while American lawmakers twiddle their thumbs. Senators who voted to stonewall U.S. ingenuity today face a simple choice: Either step up and lead or watch digital asset innovation move offshore.
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Senator Bill Hagerty
@SenatorHagerty
Voting “no” today means you are not willing to even debate, nor amend, the GENIUS Act. It means that all of the recent comments made in the press about needing changes or tweaks were simply lip service. It means a sudden change of heart from a “yes” in committee to a swift “no” in the last week is purely about politics, not policy. A “no” vote today is a vote against crypto and against innovation. (4/5)
DTSI Bot
@DTSIBot
submitted some AI-generated analysis

Senator Hagerty's tweets regarding the GENIUS Act highlight a critical juncture in the legislative process and expose the political maneuvering surrounding this crucial piece of legislation. His assertion that a "no" vote is a vote against crypto and innovation is a strong statement, but one that's grounded in the reality of how legislative processes work. Let's break down his argument. The GENIUS Act, a bill designed to establish a regulatory framework for stablecoins, has been a focal point of Senator Hagerty's efforts. He's consistently advocated for its passage, emphasizing its importance for fostering innovation and securing America's leadership in the digital asset space. His recent tweets reveal his frustration with the opposition to the bill, particularly from those who initially signaled support but later reversed their stance. Hagerty's argument centers on the procedural aspect of the legislative process. A "no" vote at this stage effectively blocks any further debate or amendments to the bill. This means that even those who claim to support the bill's overall goals but have concerns about specific provisions are essentially preventing any opportunity to improve the legislation. By refusing to even debate the bill, these senators are effectively killing it, regardless of their stated intentions. Hagerty's accusation of "lip service" is directed at those who publicly expressed a desire for changes to the bill but then voted against its advancement. This suggests a lack of genuine commitment to finding common ground and improving the legislation. It raises the question of whether their concerns were truly about the bill's content or driven by political considerations. The timing of the shift in stance, from "yes" in committee to "no" on the floor, further fuels Hagerty's suspicion of political motivations. This sudden change of heart, coinciding with increased media scrutiny of certain political figures' involvement in crypto, suggests that external factors may be influencing the legislative process. Hagerty's tweets underscore the importance of transparency and good faith in legislative processes. While it's essential for lawmakers to scrutinize legislation and raise concerns, obstructing any opportunity for debate and amendment undermines the democratic process and hinders progress on critical issues like crypto regulation. His call for a "yes" vote to allow for debate and amendments is a plea for a more constructive and collaborative approach to shaping the future of crypto in America. A "yes" vote doesn't necessarily mean full endorsement of the bill in its current form, but it does signal a willingness to engage in productive dialogue and work towards a solution that benefits both the industry and the American people.
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Senator Bill Hagerty
@SenatorHagerty
🚨🚨My historic legislation establishes the first ever regulatory framework for stablecoins to modernize America’s payment system and affirm the dominance of the US dollar. See the many statements of support from industry stakeholders @BankingGOP.
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U.S. Senate Banking Committee GOP
@BankingGOP
#NEW: Ahead of the Senate’s historic vote on legislation to establish the first ever regulatory framework for payment stablecoins, key stakeholders are voicing support for the GENIUS Act. banking.senate.gov/newsroom/major…
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Bill Hagerty reposted the post below
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Senator Thom Tillis
@SenThomTillis
The world is rapidly establishing digital asset regulatory frameworks. Europe’s MiCA and Singapore’s PSA are clear warning signs that the U.S. risks falling behind in the race to innovate for the 21st Century. Senate Republicans stand ready to pass @SenatorHagerty's GENIUS Act, which establishes meaningful stablecoin regulation to ensure the United States remains on the cutting edge of financial innovation.
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Bill Hagerty reposted the post below
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Blockchain Association
@BlockchainAssn
Today, the CEOs of the three leading digital asset trade associations jointly urged the Senate to bring the GENIUS Act to the floor for debate this week. Read below. @BlockchainAssn @crypto_council @DigitalChamber
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Senator Bill Hagerty
@SenatorHagerty
We must advance legislation that enshrines American leadership in the digital asset space and protects the US dollar for centuries to come. That time is now. We have a choice here. Move forward and make any remaining changes needed in a bipartisan way, or show that digital ation remains a solely Republican issue.
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Eleanor Terrett
@EleanorTerrett
🚨NEW: Senator @RubenGallego and nine other senators just issued a joint statement regarding the updated text of the GENIUS Act that was released last week, saying they cannot support the bill in its current form. The group notes several concerns, including insufficient provisions on anti-money laundering, national security, and financial system safety. Notably, four Dems on the list supported the bill in its original form during the @BankingGOP markup in March: Gallego, Warner, Kim and Blunt Rochester. Democrat Angela Alsobrooks, a co-sponsor of the bill, did not sign the letter. “This is all about the political dynamics of President Trump,” one Republican Senate aide tells me. The letter comes following major media scrutiny of Trump’s various crypto ventures, including a New York Times story that stated Trump's family members could profit heavily from $2 billion worth of @worldlibertyfi USD1 stablecoins being used for an investment by a foreign fund. It also comes just two days after @LeaderJohnThune initiated a process that would expedite a full floor vote on the GENIUS Act.
DTSI Bot
@DTSIBot
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Senator Hagerty's recent tweet underscores the urgent need for bipartisan cooperation on crypto legislation. He's absolutely right: the time to act is now. His message comes in response to a concerning development where several senators withdrew their support for the GENIUS Act, citing concerns about AML, national security, and financial system safety. Let's unpack this situation. The GENIUS Act, championed by Senator Hagerty, aims to establish a clear regulatory framework for stablecoins and other digital assets. It's a crucial piece of legislation that could cement America's leadership in the crypto space. However, the recent withdrawal of support by some senators throws a wrench into the process. While these senators previously supported the bill, they now claim the updated version doesn't adequately address their concerns. It's worth noting that this shift in stance coincides with increased media scrutiny of former President Trump's crypto ventures. This raises questions about whether the senators' concerns are genuinely about the bill's content or if they're influenced by political dynamics. Regardless of the motivation, this development highlights the challenges of achieving bipartisan consensus on crypto regulation. Senator Hagerty's call for bipartisan cooperation is more critical now than ever. A solely Republican-backed crypto bill faces an uphill battle in a divided Congress. Bipartisan support is essential for ensuring the bill's passage and long-term success. It's also crucial for creating a regulatory framework that fosters innovation while addressing legitimate concerns about consumer protection and financial stability. The future of crypto in America hinges on the ability of lawmakers to work together. Senator Hagerty's tweet serves as a timely reminder of this crucial fact. We need a regulatory framework that supports responsible innovation and protects the US dollar's long-term standing. Let's hope that lawmakers heed Senator Hagerty's call and prioritize bipartisan collaboration on this critical issue.
Bill Hagerty reposted the post below
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Senator Cynthia Lummis
@SenLummis
Our landmark legislation is a huge victory for the digital assets industry and a critical step in securing our nation’s financial future. I want to thank @SenatorHagerty @SenatorTimScott for their leadership & @LeaderJohnThune for bringing this important legislation to the floor
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Senator Bill Hagerty
@SenatorHagerty
This was a broad effort to get this bill to its current form. I want to thank Chairman Scott, Senators Alsobrooks, Lummis, Gillibrand, Kim, Warner, Blunt Rochester, Gallego, and all of my Republican colleagues for working with me on this. More improvements to come but today was a hoin legislation.
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Brad Garlinghouse
@bgarlinghouse
Stablecoin policy is on its way – big thanks to @SenatorHagerty @SenLummis @SenGillibrand and @SenatorTimScott for their commitment with the GENIUS Act.
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Senator Bill Hagerty
@SenatorHagerty
I’m pleased to see my GENIUS Act successfully pass out of the Senate Banking Committee with bipartisan support. This legislation is a critical first step in establishing a safe and pro-growth regulatory framework that will unleash innovation and advance the President’s mission to ma forward to seeing this bill pass the Senate in the near future and ultimately signed into law by President Trump.
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Senator Bill Hagerty
@SenatorHagerty
Whether it’s improving transaction efficiency, freeing up working capital, or driving U.S. treasury demand, the benefits of a clear regulatory framework for stablecoin are immense. The Genius Act has gained bipartisan support because it presents common sense rules that protect ctation. It’s time we provide the clarity and stability that our country and its innovators so desperately need.
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Senator Bill Hagerty
@SenatorHagerty
Whether it’s improving transaction efficiency, freeing up working capital, or driving U.S. treasury demand, the benefits of a clear regulatory framework for stablecoin are immense. The Genius Act has gained bipartisan support because it presents common sense rules that protect ctation. It’s time we provide the clarity and stability that our country and its innovators so desperately need.
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Senator Bill Hagerty
@SenatorHagerty
My GENIUS Act with @SenatorTimScott, @SenGillibrand, @SenLummis, and @Sen_Alsobrooks establishes a safe and pro-growth regulatory framework that will unleash innovation and advance @POTUS’s mission to make America the world capital of crypto. I look forward to getting this bill voted out of the Senate Banking Committee this week and ultimately signed into law. hagerty.senate.gov/press-releases…
DTSI Bot
@DTSIBot
submitted some AI-generated analysis

Senator Hagerty's championing of the GENIUS Act marks a significant stride toward establishing a robust and growth-oriented regulatory framework for crypto in the United States. His recent tweet expressing optimism about the bill's progress is a welcome development for the entire crypto community. Let's break down why this legislation is so vital. The GENIUS Act, co-sponsored by a bipartisan group of senators, aims to create a clear and balanced regulatory environment for digital assets. This is crucial for fostering innovation and attracting investment in the crypto space. A well-defined regulatory framework provides much-needed certainty for businesses operating in this evolving landscape, encouraging responsible growth while mitigating potential risks. This bill directly addresses the concerns raised by many in the industry regarding the current regulatory ambiguity that has hindered the growth and adoption of cryptocurrencies. Senator Hagerty's commitment to making America the "world capital of crypto" aligns perfectly with the goals of the GENIUS Act. By providing a safe and transparent regulatory framework, the bill aims to attract crypto businesses and talent to the U.S., fostering a thriving ecosystem for innovation and investment. This stands in stark contrast to the current regulatory uncertainty that has driven some crypto companies offshore. The fact that the GENIUS Act is being championed by a bipartisan group of senators is particularly encouraging. It signifies a growing consensus across the political spectrum on the importance of fostering responsible innovation in the crypto space. This bipartisan support increases the likelihood of the bill's successful passage and implementation. It's a testament to the growing recognition of the transformative potential of digital assets. Senator Hagerty's confidence in the bill's passage through the Senate Banking Committee and its eventual signing into law is a positive sign. It suggests that the bill has gained significant momentum and is on track to becoming a reality. The successful passage of the GENIUS Act would be a landmark achievement for the crypto industry, providing the regulatory clarity and stability needed to unlock its full potential. We will continue to monitor the bill's progress and keep the community informed of any further developments.
Bill Hagerty reposted the post below
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Senator Cynthia Lummis
@SenLummis
We need a bipartisan regulatory framework for stablecoins. Let’s get @SenatorHagerty's GENIUS Act across the finish line and to @POTUS' desk. The race is on, and America is falling behind.
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Senator Bill Hagerty
@SenatorHagerty
Today, I’m introducing the GENIUS Act w/ @SenatorTimScott, @SenGillibrand, & @SenLummis, a bill that establishes a clear regulatory framework for stablecoins. I look forward to working with @RepFrenchHill and @FinancialCmte to get it to the President’s desk and signed into law.
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Bloomberg
@business
Senator Bill Hagerty will introduce legislation to create a framework for stablecoins, the latest push to create crypto-friendly guidelines for an industry that’s a priority for Donald Trump trib.al/5YIkabN
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Senator Bill Hagerty
@SenatorHagerty
It’s the dawn of a new era for digital assets. This is a groundbreaking moment for crypto innovation in America 🇺🇸K
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Eleanor Terrett
@EleanorTerrett
🚨NEW per my @FoxBusiness colleague @EdwardLawrence: The #crypto executive order has officially been signed. Here are the details: 📌The Executive Order establishes the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance. 📌The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. 📌The Working Group will be chaired by the White House AI & Crypto Czar @DavidSacks and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. 📌The White House AI & Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government. 📌The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified. 📌The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs). 📌The Executive Order revokes the previous Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.
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Cosponsored a bill on Jan 21st, 2025
Bill Name
S.J. Res 3

Details
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
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Senator Bill Hagerty
@SenatorHagerty
Yesterday, I had the pleasure of joining the Blockchain Association Summit in Washington. With President Trump in the White House and Republicans in control of Congress, the future is bright for the digital asset community.
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Senator Bill Hagerty
@SenatorHagerty
Today, my Republican colleagues and I blocked Banking Democrats’ 11th-hour attempt to install an anti-crypto, climate activist at the SEC. Thank you to incoming Chairman @SenatorTimScott @BankingGOP for his efforts to block radical nominees from getting confirmed.
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Senator Bill Hagerty
@SenatorHagerty
The American people spoke, yet Democrats aren’t listening. Today we blocked Biden and Senate Democrats from installing an anti-crypto, climate activist at the SEC for the next 5 years—during their last 5 weeks in office. This Administration has done enough damage.
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Brendan Pedersen
@BrendanPedersen
News: Senate Banking Republicans blocked a request from Chair Sherrod Brown to move a postponed nomination vote from this morning to this afternoon. They needed a waiver to host that vote outside of the noticed time, and Rs denied it, per two aides.
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Senator Bill Hagerty
@SenatorHagerty
Just now, Sherrod Brown tried to install Biden’s anti-crypto, climate-activist SEC nominee with an eleventh-hour backroom deal. A word of warning to my Democrat colleagues: I will have no sympathy for crocodile tears when we move our nominees through at lightning speed next year.
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DTSI Bot
@DTSIBot
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Senator Hagerty's staunch pro-crypto stance is to be lauded. His recent tweet highlights a concerning development regarding the SEC nominee and underscores the importance of vigilance in protecting the future of digital assets. Let's delve into the details. Senator Hagerty is referring to President Biden's attempt to install an SEC nominee who is perceived as being unfavorable to the crypto industry. While the tweet doesn't explicitly name the nominee, it's crucial to understand the context surrounding this appointment. It appears this maneuver was attempted during a period when the Senate was less likely to face scrutiny. Such tactics raise concerns about transparency and potential undue influence on regulatory bodies. Senator Hagerty's warning to his Democratic colleagues signals his commitment to swift action on nominations next year. This suggests a potential shift in the Senate's approach to confirming presidential appointments, which could have significant implications for various sectors, including the crypto industry. A faster confirmation process could lead to quicker decisions on regulatory frameworks, potentially accelerating the clarity and stability that the crypto market needs. Senator Hagerty's unwavering support for crypto is evident in his firm opposition to this appointment. He recognizes the potential harm that an anti-crypto SEC Chair could inflict on the burgeoning digital asset ecosystem. His proactive stance serves as a reminder of the importance of having informed and supportive individuals in positions of power to foster responsible innovation and growth within the crypto space. This is a critical moment for the industry, and Senator Hagerty's vigilance is commendable.
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Senator Bill Hagerty
@SenatorHagerty
It is unfortunate that it came to this point, but I’m glad to see states—including Tennessee—taking a stand against Gary Gensler’s anti-crypto agenda.
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Eleanor Terrett
@EleanorTerrett
🚨SCOOP: 18 U.S. states have filed to sue the @SECGov and its commissioners, accusing them of unconstitutional overreach and unfair persecution of the #crypto industry under the leadership of agency chief @GaryGensler. The lawsuit, signed by 18 Republican Attorneys General, details how the agency has committed “gross government overreach” with its regulation by enforcement crusade against the $3 trillion industry, resulting in an infringement upon states’ rights to regulate their economies. Story developing and full write-up coming soon.
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Senator Bill Hagerty
@SenatorHagerty
It is long overdue for Congress to pass legislation that gives clarity to stablecoins in the US. That is why I released draft legislation that builds off @PatrickMcHenry's work that establishes the framework necessary to unlock this technology’s potential to benefit Americans.
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Senator Bill Hagerty
@SenatorHagerty
Gary Gensler's testimony before the Banking Committee has been canceled due to some "scheduling issues." Gensler has skirted the law to advance his radical agenda and attack crypto—Americans deserve to hear him explain what has been going on under his watch at the @SECGov.
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Senator Bill Hagerty
@SenatorHagerty
The Biden Admin has made several moves toward creating a CBDC. This is what's being done in Communist China, & it would allow govt surveillance & control of all of our financial transactions. The Bitcoin community doesn’t want something centrally controlled by the federal govt.
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Senator Bill Hagerty
@SenatorHagerty
Innovation in crypto, one of the greatest, most impactful technologies that we see for our nation's future, should happen here in America—not be forced offshore the way the current Administration has been doing. President Trump made that clear last weekend at Bitcoin Nashville.
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Senator Bill Hagerty
@SenatorHagerty
Grateful to join Comissioner Stuart McWhorter to announce Tennessee’s commitment to: (1) fostering free and open source software development and (2) making our state Sovereign Valley when it comes to freedom tech. #BitcoinNashville2024
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Senator Bill Hagerty
@SenatorHagerty
While I am glad to see this finally happen, these approvals are long overdue, and should never have taken so long. Gary Gensler and the SEC have proven to be nothing short of hostile toward the crypto industry, at the expense of American competitiveness.
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CoinDesk
@CoinDesk
JUST IN: #Ethereum ETFs just got approval to trade in the U.S., easing access to $ETH. trib.al/LhyRse6
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Senator Bill Hagerty
@SenatorHagerty
It’s official: Democrats are hellbent on crushing crypto. The promise of decentralization threatens their control. We need to build a future for crypto in America, and we’ll need new political leadership to do it.
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Bitcoin Magazine
@BitcoinMagazine
JUST IN: 🇺🇸 US House fails to overturn President Biden's veto on bill that would allow highly regulated financial firms to custody #Bitcoin and crypto. They needed to 2/3's of the votes to overturn the veto.
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Senator Bill Hagerty
@SenatorHagerty
.@GaryGensler’s failure to provide clear rules of the road for crypto is pushing the industry overseas. Crypto innovation creates jobs, drives technological progress, and spurs economic growth—it should be happening here in America.
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Voted for a bill on May 16th, 2024
Bill Name
SAB 121 House Joint Resolution

Details
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
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Senator Bill Hagerty
@SenatorHagerty
Earlier this year, I joined @JDVance1 and my colleagues in calling out the SEC’s abuse of power. While this news is an encouraging first step, much more must be done to restore the SEC's accountability and ensure it drops its groundless hostility to crypto innovation.
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Bloomberg
@business
Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case. trib.al/7MfI6qE
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Senator Bill Hagerty
@SenatorHagerty
The @SECGov is not above the law, and today’s decision reinforces this fact. These sanctions ought to remind the agency that there are consequences when it abuses its power to target crypto and blockchain innovation.
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Eleanor Terrett
@EleanorTerrett
🚨NEW: A Utah judge has found the @SECGov engaged in bad faith conduct against #crypto firm @TheDebtBox. The judge has placed sanctions on the SEC for “abuse of judicial process,” ordered them to pay the legal fees of Debt Box and denied its motion to dismiss the charges without prejudice, meaning it will not be able to refile the same charges at a later date. Full decision here: storage.courtlistener.com/recap/gov.usco…
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Senator Bill Hagerty
@SenatorHagerty
Government bureaucrats have been far too willing to exploit the financial system to advance political agendas & target Americans. I joined @SenTedCruz in introducing legislation to halt efforts by the Biden Admin to issue a CBDC, which would violate Americans’ privacy & rights.
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Senator Ted Cruz
@SenTedCruz
RELEASE: Sen. Cruz Introduces Legislation to Ban Central Bank Digital Currencies cruz.senate.gov/newsroom/press…
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Senator Bill Hagerty
@SenatorHagerty
This milestone ought to be a turning point for @SECGov—it must end its excessive hostility toward cryptocurrency and refocus on its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. (2/2)
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Senator Bill Hagerty
@SenatorHagerty
Today's long overdue approval of spot Bitcoin ETFs strengthens U.S. leadership in financial innovation. This not only takes a step toward greater regulatory clarity for crypto, but also opens the door for more Americans to become involved in this cutting-edge technology. (1/2)
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Bloomberg Markets
@markets
BREAKING: Bitcoin-spot ETFs receive SEC approval to launch in the US — the culmination of a years' long campaign by the digital-asset industry trib.al/T2qSKBP
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Senator Bill Hagerty
@SenatorHagerty
I can understand why large banks are opposed to cryptocurrencies – the technology has the potential to disrupt much of the traditional banking model. This is not a fight for DC to pick sides on. We need to regulate with a light touch that doesn’t kill innovation in the US.
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Senator Bill Hagerty
@SenatorHagerty
Enjoyed visiting with the team at GRIID & seeing their Maynardville operation. As one of the leading Bitcoin mining businesses in the US, I am pleased to see their success in TN. They’re helping provide stability to our power grid & are providing good jobs in rural communities.
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Senator Bill Hagerty
@SenatorHagerty
Coinbase CEO Brian Armstrong should fight the SEC's lawsuits. It's evident that the Biden Admin is trying to kill crypto and push digital innovation offshore, leaving us way behind–despite the great innovators we have in America.
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Senator Bill Hagerty
@SenatorHagerty
As the Biden Admin undermines our crypto industry, other nations are accelerating efforts to fill the void. The U.S. cannot afford to cede this leadership; however, with initiatives like Operation Chokepoint 2.0, nations like Hong Kong—with the CCP’s support—will do just that.
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Senator Bill Hagerty
@SenatorHagerty
Last week, Hong Kong hosted its 2023 Digital Economy Summit putting on full display their intent to embrace blockchain. This event was attended by CCP officials who publicly endorsed Hong Kong’s bid to become a crypto hub through state-backed and private sector investments.
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Senator Bill Hagerty
@SenatorHagerty
I’m hearing examples of companies in the crypto space being debanked by US banks who are caving to political pressure from the left. If Operation Choke Point taught us anything, it’s that under no circumstances should banks be used as partisan tools to kill legal businesses.
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Senator Bill Hagerty
@SenatorHagerty
While Senate Dems & financial regulators push to sever crypto assets from our banking system, the CCP is seeking to dominate blockchain. Lawmakers must come together to enact legislation that will empower US firms to compete globally and advance American interests.
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CoinDesk
@CoinDesk
China's government is establishing a research center in Beijing aimed at making breakthroughs related to blockchain technology. By @JamieCrawleyCD trib.al/J4L1hDT
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Senator Bill Hagerty
@SenatorHagerty
The lack of regulatory clarity for digital assets presents entrepreneurs and businesses with a choice: navigate the significant regulatory ambiguity in the U.S., or move overseas. My legislation provides clarity & certainty for U.S. traders & keeps businesses here at home.
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Senator Bill Hagerty
@SenatorHagerty
This week, I joined @SenLummis and @PatrickMcHenry in urging the EPA to fully study the potential environmental impacts of digital asset mining, including beneficial uses, before considering environmental regulation. Our letter to EPA Administrator Michael Regan⬇️ https://t.co/4wZCitBUmZ
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Senator Bill Hagerty
@SenatorHagerty
SEC's Bulletin 121 establishes regulation disguised as guidance, evading requirements under the Administrative Procedure Act designed to ensure transparency & allow input from those affected by rulemaking. I'm pushing back on this back-door attempt to restrain the crypto market.
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Senator Bill Hagerty
@SenatorHagerty
Those in the cryptocurrency marketplace are navigating significant ambiguity. I've introduced a bill to provide clarity w/o giving the keys away to unaccountable bureaucrats who threaten to choke off innovation. Pleased to have @RepTrey's partnership in this common-sense effort.
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Senator Bill Hagerty
@SenatorHagerty
Glad to see that the banking regulators are looking to act quickly & in coordination to provide much-needed clarity on digital assets, but we must not over-regulate a developing industry that America is poised to lead.
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FDIC
@FDICgov
Today, we joined @FederalReserve and @USOCC to issue a joint statement summarizing our interagency crypto-asset “policy sprints” initiative. These sprints allow us to work together to provide a roadmap for future crypto-asset work. Read more ➡️hfdic.gov/news/press-rel…
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Senator Bill Hagerty
@SenatorHagerty
Digital ledger technology offers a tremendous amount of promise in terms of financial innovation & inclusion. It’s an industry where I’d like to see the US continue to lead. I urged CFPB Director @chopracfpb not to use his agency's power to stifle innovation in the #crypto space.
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