Senator Bill Hagerty is known for the GENIUS Act, a bill focused on stablecoins, but he also wants to make Tennessee a hub for Bitcoin mining and AI processing.
He envisions using nuclear facilities in Tennessee to produce energy for Bitcoin mining and AI computing.
Senator Hagerty believes Tennessee has the potential to become a leading energy hub in America.
He aims to attract mining operations, data centers, and artificial intelligence initiatives to the state.
Partnerships with various institutions like Oak Ridge National Laboratory and universities are part of his strategy.
Hagerty emphasizes the importance of bipartisan support for initiatives related to stablecoin regulation and fostering innovation in the U.S.
He sees blockchain technology as crucial for America's competitiveness and staying ahead in the global landscape.
Hagerty advocates for creating a regulatory framework that will support the growth of companies and technologies in the U.S.