A US senator is pushing for Bitcoin to thrive in the US, believing it can be a major force for economic growth.
Bitcoin Needs to Grow in the US
Senator Bill Hagerty, a known crypto supporter, believes Bitcoin has the potential to drive economic growth. He’s calling on lawmakers to create laws that encourage the adoption of digital assets, arguing that the US needs to be at the forefront of this innovation.
Hagerty was initially skeptical of cryptocurrencies but changed his mind after learning more about Bitcoin’s potential. He believes that if the US doesn’t embrace Bitcoin, other countries will benefit from its growth.
Trump’s Vision for Bitcoin
Hagerty says that former President Donald Trump shares his vision for Bitcoin. He believes Trump sees Bitcoin as a way to transform the US economy and drive innovation. Hagerty even claims that Trump wants to fire Gary Gensler, the head of the Securities and Exchange Commission (SEC), who he believes is hindering the growth of digital assets in the US.
The Anti-Crypto Movement
Hagerty argues that the current administration is actively working against the crypto industry. He blames the SEC and the Commodity Futures Trading Commission (CFTC) for stifling innovation through their regulations.
A Growing Political Interest
Hagerty’s support for Bitcoin is part of a broader shift in political views on digital assets. Other prominent figures, like Donald Trump, Robert F. Kennedy Jr., and Senator Cynthia Lummis, have also expressed support for Bitcoin.
These politicians believe that Bitcoin can be a hedge against inflation and strengthen the US dollar, making it a valuable asset for the country.
