According to ChainCatcher, Tennessee Senator Bill Hagerty announced this week his support for presidential candidate Donald Trump to promote the United States as a cryptocurrency center. Hagerty compared cryptocurrency to the semiconductor industry, believing that the latter's outflow weakened the United States' geopolitical position, and accused the Biden administration of "attacked the industry with all its might" and failed to provide a regulatory framework for it. Trump and the Republican Party are actively seeking cryptocurrency votes, accepting cryptocurrency donations, and repositioning themselves as cryptocurrency-friendly candidates.