ChainCatcher news, Tennessee Senator Bill Hagerty announced this week his support for presidential candidate Donald Trump, advocating for the U.S. to become a cryptocurrency hub. Hagerty compared cryptocurrency to the semiconductor industry, arguing that the latter's outflow undermines America's geopolitical standing, and accused the Biden administration of "doing everything possible to attack this industry" and failing to provide a regulatory framework for it. Trump and the Republican Party are actively courting cryptocurrency voters, accepting cryptocurrency donations, and repositioning themselves as cryptocurrency-friendly candidates.