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Bill Hagerty

Republican Senator from Tennessee

Notable statements

profile picture of Bill Hagerty

Bill Hagerty

@SenatorHagerty

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.@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. pic.twitter.com/Kq9IspnKiJ
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Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. x.com/eleanorterrett…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. x.com/SenTedCruz/sta…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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The federal govt should partner with private industry to combat bad actors—including in the crypto space. My bill w/ @SenLummis would help law enforcement agencies leverage their existing authorities to better identify violations w/out stifling innovation. hagerty.senate.gov/press-releases…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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) twitter.com/markets/status…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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)
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. pic.twitter.com/CMiZRG6iL1
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Very pro-crypto
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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Glad to see Michael Barr agree: the Fed cannot issue a CBDC without explicit authorization from Congress. I will fight against any effort to create a central bank digital currency—both here in Congress and in the Executive Branch. coindesk.com/policy/2023/09…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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RT @taylorjbarr: .@SenatorHagerty during today’s @CatoCMFA crypto conference: “This is chokepoint 2.0” “We are now using bank supervisory…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. pic.twitter.com/AnChQeNWHo
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Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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The US govt needs to provide clarity for digital asset innovation to occur here in the US, which is the opposite of what the Biden Admin is doing. Hopefully this marks a turning point for crypto & makes the @SECGov think twice before bringing new lawsuits. ccn.com/news/us-senato…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. pic.twitter.com/6KWhS7rqnI
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Very pro-crypto
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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.@GaryGensler is finally saying the quiet part out loud: the Biden Admin wants to kill market innovation to pave the way for a CBDC, which would give the federal gov. unprecedented insight into your life. I will fight to make sure this doesn’t happen. cnbc.com/2023/06/06/sec…
Very pro-crypto
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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Since December, I have voiced concerns about Binance’s ties to China & the CCP. Today’s report on their workforce in Shanghai raises yet another red flag about their operations both here in America & globally—and the influence of the CCP in crypto markets. bloomberg.com/news/articles/…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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Through Operation Chokepoint 2.0, the Administration’s attack on the crypto industry only benefits companies like Binance, and will ultimately expand the CCP’s role in driving global innovation.
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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.
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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.
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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The uncertainty created by the Biden Administration’s hostility to crypto has only benefited companies like Binance and prevented American champions from emerging.
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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.
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. twitter.com/CoinDesk/statu…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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Regulators singling out business activities should alarm all Americans. It doesn’t matter if it’s cryptoassets, firearms, or any other lawful business, using banking regulators to advance political agendas should not be tolerated. blockworks.co/news/crypto-po…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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.
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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Lack of regulatory clarity for digital assets discourages investment & job creation in America & jeopardizes U.S. leadership in this transformational technology. Pleased to introduce legislation to provide digital asset intermediaries much-needed certainty.hagerty.senate.gov/press-releases…
Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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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Very pro-crypto
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Bill Hagerty

@SenatorHagerty

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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. pic.twitter.com/JbiLiDUATh
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Very pro-crypto
profile picture of Bill Hagerty

Bill Hagerty

@SenatorHagerty

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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. pic.twitter.com/tuPZ42ijpr
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Very pro-crypto
Very pro-crypto
profile picture of Bill Hagerty

Bill Hagerty

@SenatorHagerty

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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. pic.twitter.com/V54V8PZJsw
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Very pro-crypto