US Senator Bill Hagerty passionately advocated for Bitcoin and the principles of decentralization during his speech at the Bitcoin2024 conference, emphasizing how these values align with American ideals of liberty and autonomy.
Hagerty spoke at the Bitcoin2024 conference on July 26, stating that Bitcoin embodies the core principles of freedom, drawing comparisons to America’s founding fathers.
Asked about his affinity for Bitcoin, Hagerty replied:
“It gets to the DNA of a person, right? I love liberty and freedom. I don’t care for centralization, and the notion of autonomy is something every American appreciates.”
He also mentioned that Bitcoin provides states with a way to maintain powers not explicitly granted to the federal government.
Hagerty criticized the federal government’s push for centralization, advocating for an ecosystem that fosters innovation within the US to prevent talent and progress from moving offshore.
Bitcoin in politics
Hagerty recognized the increasing interest in Bitcoin among his colleagues, attributing much of this enthusiasm to former President Donald Trump. He endorsed Trump for the upcoming elections due to his progressive attitude towards technology.
Looking ahead to the November elections, Hagerty positioned Bitcoin and decentralization as crucial issues and contrasted the current administration’s stance with a potential future Republican-led government that would support a thriving regulatory environment for digital assets.
The senator outlined a plan for ending the “war on digital assets” under a Republican administration, highlighting leadership changes required to achieve this goal, including distancing from SEC Chair Gary Gensler.
CBDCs
Hagerty also addressed the topic of central bank digital currencies (CBDCs), labeling them as instruments of centralized control, aligning with previous statements made by Trump and other Republicans.
He warned that CBDCs could grant the government excessive control over individual transactions and life decisions.
Hagerty criticized US lawmakers advocating for CBDCs, pointing out the dangers of adopting a system that mirrors those imposed by countries like China.
Mentioned in this article
**Meta Description:** US Senator Bill Hagerty passionately advocates for Bitcoin and decentralization at Bitcoin2024 conference, highlighting alignment with American values. Learn more about his views on Bitcoin in politics and CBDCs.
**Focus Keywords:** Bill Hagerty, Bitcoin, decentralization, American ideals, liberty, autonomy, Donald Trump, CBDCs
**H1:** US Senator Bill Hagerty Advocates for Bitcoin and Decentralization
**H2:**
1. Bitcoin in politics
2. CBDCs
