Republican Senator Bill Hagerty: The Democratic Party's approach to the cryptocurrency industry is too centralized and restrictive

2024-07-13 14:24:47

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ChainCatcher news, recently U.S. Senate Banking and Foreign Relations Committee member, Senator Bill Hagerty discussed several key issues in an interview with Bloomberg, including the potential future of cryptocurrency under a second Trump administration.

Hagerty mentioned Trump's supportive stance on cryptocurrency, emphasizing its alignment with the recent Republican platform. He views cryptocurrency as a key issue in the upcoming November elections, stating, "I have spent a lot of time discussing this industry with the (former) president, and I believe that just this week, our Republican platform has reached a common vision."

Hagerty criticized the Democratic Party's approach to cryptocurrency, calling it overly centralized and restrictive. He believes that Democrats oppose the decentralized nature of crypto technology. "Innovation will happen. Cryptocurrency has tremendous potential for the U.S. We have an innovative gene that surpasses any other country in this regard. We should leverage this and create an ecosystem that allows for it," he further pointed out.

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