• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Bitcoin

US Senator Pushes For Bitcoin’s Evolution And Stability In The US

Godspower Owie
by Godspower Owie
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin’s significant stance in the financial landscape continues to receive commendations as United States Senator and crypto advocate, Bill Hagerty, has voiced out his support for BTC, stressing the necessity for the largest cryptocurrency asset to evolve and flourish in the country.

Bitcoin Innovation Needs To Happen In The US

The senator disclosed his firm support for BTC in a recent interview on Bloomberg Surveillance shared by Bitcoin Magazine on the X (formerly Twitter) platform. He highlighted the capability of BTC to propel economic growth, calling on legislators to enact laws that promote the advancement and acceptance of digital assets.

Related Reading: Bitcoin Will Play A Critical Role In Restoring US Economy, Kennedy Jr Says

According to the US senator, Bitcoin is an asset that has evolved over time, drawing attention to the first time he came across cryptocurrencies in the previous 2018 administration. Initially, Hagerty was skeptical about cryptocurrency assets but later transitioned to a pro-Bitcoin champion after gaining knowledge about the underlying asset and its potential for notable productivity.

Considering these qualities of Bitcoin, the he stated that this innovation needs to happen in the US and those in power must ensure that it takes place in the country. “The last thing we want is to see what happens to the industry, where it got pushed offshore and we conduct from a geopolitical standpoint,” he added.

Hagerty noted that after engaging in several meetings with former US President Donald Trump, he realized that Trump’s vision aligns with this sentiment. He further underscored Trump’s confidence in Bitcoin’s ability to transform the nation’s economy and drive significant innovations.

While the senator pushes for Bitcoin’s evolution and success in the US, he underlined that the current administration has actively attacked the crypto industry, as evidenced by the regulation by enforcement policy of the US Securities and Exchange Commission’s (SEC) and the Commodity Futures Trading Commission (CFTC).

Hagerty cited that these agencies particularly the SEC under its head Gary Gensler will continuously stifle digital assets innovation in the country, therefore he hopes Trump fulfills his promise at the Bitcoin 2024 conference to fire Gensler when he takes over the presidential seat.

The senator advocates cryptocurrencies’ success in the US under Trump as he pledges to put an end to the current anti-crypto movement. “He is going to create the environment here where the industry can thrive, and we will see the next wave of innovation happening right here in America,” he stated.

Major Political Interest Toward Cryptocurrency

Bill Hagerty’s endorsement of Bitcoin comes amidst a broader political shift toward embracing the digital asset. Lately, major political figures such as Donald Trump, presidential candidate Robert F. Kennedy Jr, and US Senator Cynthia Lummis have demonstrated support for BTC.

Related Reading: Fight Inflation With Bitcoin: Cynthia Lummis Calls For US To Buy 1 Million BTC

So far, each political figure has been actively pushing forward to make Bitcoin a strategic reserve asset in the US, because of its potential to serve as a hedge against inflation, thereby propelling the country’s economy and strengthening the US dollar.

Bitcoin
BTC trading at $66,318 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from YouTube, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Godspower Owie

Godspower Owie

Follow

Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

Full Profile

Related Posts

Bitcoin news

Nick Szabo Drops Bombshell: Bitcoin Core v30.0 Faces Legal Nightmare

9 hours ago
Bitcoin

Bitcoin Coin Days Destroyed Drops By 50% Amid Waning Price Action – What This Means

17 hours ago
Bitcoin

Bitcoin Short-Term Holders Are Capitulating: 60,000 BTC Hits Exchanges At Loss

3 days ago
Bitcoin

Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next

3 days ago
Bitcoin

Bitcoin Accumulation Trend Shows Signs Of Weakening, What Does This Mean?

3 days ago
Bitcoin news

Leaked Chats Rock Bitcoin: Hard Fork Proposal Threatens Immutability

3 days ago

Premium Sponsors

Press Releases

  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    13 minutes ago
  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    4 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    6 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    7 days ago
  • Snorter надхвърли $4 милиона след...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.