According to ChainCatcher, Senator Bill Hagerty, a member of the U.S. Senate Banking and Foreign Relations Committee, recently discussed several key issues in an interview with Bloomberg, including the future of cryptocurrencies under a potential second Trump administration.
Hagerty mentioned Trump’s pro-crypto stance, emphasizing that it is consistent with the recent Republican platform. He sees cryptocurrency as a key issue in the upcoming November election. “I’ve spent a lot of time discussing this industry with the (former) president, and I think just this week, we reached a common vision in the Republican platform.”
Hagerty criticized the Democratic Party’s approach to cryptocurrencies, calling them too centralized and restrictive. He believes that Democrats are against the decentralized nature of crypto. “Innovation will happen. Crypto has tremendous potential for the United States. We have the innovation DNA to do this better than any other country. We should take advantage of that and create an ecosystem that allows for that,” he further stated.
