SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted for
Bill Hagerty
Republican Senator from Tennessee
Notable statements
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. x.com/eleanorterrett…
Very pro-crypto
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. pic.x.com/QreZghYI4H
Very pro-crypto
Bill Hagerty
@SenatorHagerty
For too long, the benefits & promise of stablecoins have been hindered by a lack of legal clarity. My new draft legislation builds off @PatrickMcHenry’s work & establishes the framework necessary to unlock this technology’s potential to benefit Americans. hagerty.senate.gov/press-releases…
Very pro-crypto
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.
Very pro-crypto
Bill Hagerty
@SenatorHagerty
Regulators shouldn't be forcing innovation into unregulated offshore markets. Just like with crypto, the federal government must adopt a more innovation-friendly posture, or risk losing America's competitive edge. coindesk.com/policy/2024/09…
Very pro-crypto
Bill Hagerty
@SenatorHagerty
We need to allow crypto innovation here in America. President Trump will do that. pic.twitter.com/KtIPbCO1kO
Very pro-crypto
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. pic.twitter.com/8ebUIXZ0gl
Very pro-crypto
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. pic.twitter.com/hS3TIoswlG
Very pro-crypto
Bill Hagerty
@SenatorHagerty
RT @BitcoinMagazine: JUST IN: 
US Senator Bill Hagerty explains why he loves #Bitcoin at the Bitcoin 2024 Conference in Nashville 
“I…
US Senator Bill Hagerty explains why he loves #Bitcoin at the Bitcoin 2024 Conference in Nashville
“I…Very pro-crypto
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 pic.twitter.com/MTm6ubUjz4
Very pro-crypto
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. x.com/coindesk/statu…
Very pro-crypto
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. x.com/bitcoinmagazin…
Very pro-crypto
Bill Hagerty
@SenatorHagerty
This vote will reveal your elected officials’ true stance on crypto.
The last vote was pre-determined given Biden’s veto threat - this time it is live.
Pro-innovation Republicans have made our stance clear—will Democrats have the courage to join us? theblock.co/post/303779/us…
Very pro-crypto
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. pic.twitter.com/Kq9IspnKiJ
Very pro-crypto
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. pic.twitter.com/AAsO7UKTMz x.com/business/statu…
Very pro-crypto
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. x.com/eleanorterrett…
Very pro-crypto
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. x.com/SenTedCruz/sta…
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
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) twitter.com/markets/status…
Very pro-crypto
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)
Very pro-crypto
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. pic.twitter.com/CMiZRG6iL1
Very pro-crypto
Bill Hagerty
@SenatorHagerty
When it comes to regulating crypto, we need a scalpel, not a sledgehammer.
youtube.com/watch?v=CgBclr…
Very pro-crypto
Bill Hagerty
@SenatorHagerty
WATCH: Hagerty Calls out Dems for Using Crypto Industry to Distract from Biden Admin's Lax Sanctions Enforcement Funding Iran-Back Hamas pic.twitter.com/IOr7k7x1rs
Very pro-crypto
Bill Hagerty
@SenatorHagerty
.@GaryGensler is creating a terrible environment for those crypto companies who are trying to invest and expand, it's forcing them to look overseas to more favorable regulatory environments.
That's not where we need to be right now.
finance.yahoo.com/news/sec-gensl…
Very pro-crypto
Bill Hagerty
@SenatorHagerty
The SEC is essentially executing Operation Choke Point 2.0. This time, the targeted industry is the cryptocurrency industry, & it’s creating tremendous uncertainty. pic.twitter.com/Bu3gqlvx3t
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
Bill Hagerty
@SenatorHagerty
RT @taylorjbarr: .@SenatorHagerty during today’s @CatoCMFA crypto conference:
“This is chokepoint 2.0”
“We are now using bank supervisory…
Very pro-crypto
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. pic.twitter.com/AnChQeNWHo
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
Bill Hagerty
@SenatorHagerty
Very pro-crypto
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. pic.twitter.com/6KWhS7rqnI
Very pro-crypto
Bill Hagerty
@SenatorHagerty
Make no mistake, the SEC's attempts to undermine the digital asset industry is a deliberate move–Gary Gensler has made it clear that he wants to see private cryptocurrencies fail to make way for a CBDC. pic.twitter.com/jw2OVgXgtO
Very pro-crypto
Bill Hagerty
@SenatorHagerty
.@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
Bill Hagerty
@SenatorHagerty
.@RepFrenchHill & I sent a letter to SEC chairman @GaryGensler raising concerns about the SEC’s Investor Advisory Committee’s April 6 Letter on Digital Assets that violates Committee procedures.
Our letter:
hhagerty.senate.gov/press-releases…https://t.co/BEpRwf7nTd
hhagerty.senate.gov/press-releases…https://t.co/BEpRwf7nTd
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
Bill Hagerty
@SenatorHagerty
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
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.
Very pro-crypto
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.
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
Bill Hagerty
@SenatorHagerty
Crypto, like other innovative technologies, deserves regulatory clarity & common sense regulation to ensure that it flourishes here safely. youtube.com/watch?v=9N-KLJ…
Very pro-crypto
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.
Very pro-crypto
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. twitter.com/CoinDesk/statu…
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
Bill Hagerty
@SenatorHagerty
US Senator Introduces Bill to Protect Crypto Exchanges From SEC Overreach
dailyhodl.com/2022/10/02/us-…
Very pro-crypto
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.
Very pro-crypto
Bill Hagerty
@SenatorHagerty
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
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
https://t.co/4wZCitBUmZ
Very pro-crypto
Bill Hagerty
@SenatorHagerty
Hagerty, Colleagues Push Back On SEC’s Back-Door Attempt To Restrain Crypto Market | @Chattanoogancom chattanoogan.com/2022/6/16/4510…
Very pro-crypto
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. pic.twitter.com/JbiLiDUATh
Very pro-crypto
Bill Hagerty
@SenatorHagerty
Unlike Democrats, we understand the difference between reserve backed and algorithmic stablecoins. Regulation in this space must be well-tailored to address risks, not an attempt to kill an entire industry.
theblockcrypto.com/post/146187/un…
Very pro-crypto
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. pic.twitter.com/tuPZ42ijpr
Very pro-crypto
Bill Hagerty
@SenatorHagerty
This is exactly the type of government over-regulation that will stifle growth and innovation in the crypto space where America is leading. twitter.com/jerrybrito/sta…
Very pro-crypto
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. twitter.com/FDICgov/status…
Very pro-crypto
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. pic.twitter.com/V54V8PZJsw
Very pro-crypto
Bill Hagerty
@SenatorHagerty
With digital assets and cryptocurrencies, I agree that we need to protect American security without crushing innovation. foreignaffairs.com/guest-pass/red…
Very pro-crypto