{"id":353048,"date":"2024-07-27T02:07:56","date_gmt":"2024-07-26T20:37:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=353048"},"modified":"2024-07-27T02:07:56","modified_gmt":"2024-07-26T20:37:56","slug":"senator-hagerty-says-loving-bitcoin-is-in-every-americans-dna-praises-trumps-stance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/senator-hagerty-says-loving-bitcoin-is-in-every-americans-dna-praises-trumps-stance-crypto-news\/","title":{"rendered":"Senator Hagerty says loving Bitcoin is in every American\u2019s ‘DNA’ \u2013 praises Trump’s stance – Crypto News"},"content":{"rendered":"
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US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, highlighting the alignment of these values with American ideals of liberty and autonomy.<\/p>\n

Hagerty said during his appearance at the Bitcoin2024 conference on July 26 that the flagship crypto represents the fundamental principles of freedom \u2014 drawing parallels with the ideals of America\u2019s founding fathers.<\/p>\n

When asked why he loves Bitcoin, Hagerty responded:<\/p>\n

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\u201cIt gets to the DNA of a person, right? I love liberty and freedom. I don\u2019t care for centralization, and the notion of autonomy is something every American appreciates.\u201d<\/p>\n<\/blockquote>\n

He added that Bitcoin presents a way for states to retain powers that were not explicitly granted to the federal government.<\/p>\n

Hagerty also criticized the federal government\u2019s increasing efforts at centralization, advocating instead for a nurturing ecosystem that allows innovation to thrive within the US. He said that failure to do so would drive innovation and the talent that supports it offshore.<\/p>\n

Bitcoin in politics<\/h2>\n

Hagerty acknowledged the growing interest in Bitcoin among his colleagues, attributing much of this momentum to former President Donald Trump<\/a>. He added that Trump is the \u201cclear\u201d choice in the upcoming elections due to his progressive stance<\/a> toward technology.<\/p>\n

Hagerty noted:<\/p>\n

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\u201c[Trump has] leaned into this. He said, look, this is fundamental to America\u2019s competitiveness. It\u2019s also fundamental to our liberty and freedom.\u201d<\/p>\n<\/blockquote>\n

Looking ahead to the November elections, Hagerty framed Bitcoin and decentralization as pivotal issues. He contrasted the current administration\u2019s approach, which he described as hostile to Bitcoin, with a vision of a supportive regulatory environment under a future Republican administration.<\/p>\n

According to Hagerty:<\/p>\n

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\u201cIf you favor centralization, government control, lack of sovereignty, then you can vote for Vice President Harris. If you want liberty, freedom, decentralization, the ability to self-custody your own assets, Donald Trump is going to be a clear answer for you.\u201d<\/p>\n<\/blockquote>\n

The senator further outlined a vision for a supportive regulatory environment for digital assets, promising to end the \u201cwar on digital assets\u201d on day one of a potential future Republican administration.<\/p>\n

Hagerty also emphasized the need for leadership changes<\/a> to facilitate this vision, singling out SEC Chair Gary Gensler as an obstacle to the industry\u2019s growth. He slammed the regulator for allegedly harboring political ambitions, saying:<\/p>\n

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\u201cEverybody in Washington knows Gary Gensler\u2019s aspiration is to move from the SEC to become Treasury Secretary. Think about that for a moment.\u201d<\/p>\n<\/blockquote>\n

CBDCs<\/h2>\n

Hagerty also touched on the contentious topic of central bank digital currencies (CBDCs), describing them as instruments of centralized control<\/a>, echoing statements made by Trump and other prominent Republicans in recent years.<\/p>\n

He argued that such technology would allow the government to have an extreme amount of control over what individuals can and can\u2019t do.<\/p>\n

According to Hagerty:<\/p>\n

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\u201cIf they can control your means of transacting, they can control your life.\u201d<\/p>\n<\/blockquote>\n

He added that China is one of the biggest proponents<\/a> of CBDCs because it understands that centralized currencies give them more control over the population. He said:<\/p>\n

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\u201cThe largest footprint of adoption is taking place right there in China. They want to control their population. Why in the world would the United States want to adopt anything that the CCP thinks is a good idea?\u201d<\/p>\n<\/blockquote>\n

Hagerty criticized US lawmakers who have advocated for CBDCs and<\/p>\n

Mentioned in this article<\/h6>\n
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Latest Alpha<\/span> Market Report<\/h6>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, highlighting the alignment of these values with American ideals of liberty and autonomy. Hagerty said during his appearance at the Bitcoin2024 conference on July 26 that the flagship crypto represents the fundamental principles of freedom […]<\/p>\n","protected":false},"author":2,"featured_media":349214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-353048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=353048"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353048\/revisions"}],"predecessor-version":[{"id":353057,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353048\/revisions\/353057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/349214"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=353048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=353048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=353048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}