Senator Invoice Hagerty (R-TN) has been within the headlines as of late as the GENIUS Act (S. 1582), a invoice for which he was the first sponsor, moves closer to passing in the U.S. Senate.
The GENIUS Act is a invoice that, if enacted into legislation, would create a federal regulatory framework for stablecoins in order that the expertise may be extra extensively adopted. (Whereas some Bitcoin lovers could not like this, they need to nonetheless take note of the language within the invoice, as it could have an impact on U.S. citizens’ ability to use Bitcoin wallets privately.)
Nonetheless, stablecoins aren’t the one factor on Senator Hagerty’s thoughts.
He’s additionally excited about easy methods to finest produce and harness power in Tennessee to make use of it for Bitcoin mining and AI compute.
He shared his imaginative and prescient on this subject with me in an interview I carried out with him at Bitcoin 2025:
Tennessee As A Hub For Bitcoin Mining and AI Compute
“We have now a chance earlier than us to be within the very lead,” Senator Hagerty instructed Bitcoin Journal in regard to constructing nuclear amenities that can be utilized to supply power for Bitcoin mining and AI processing.
“The biggest utility on this planet is the Tennessee Valley Authority — definitely the most important one in America — and I believe we’ve acquired a singular alternative right here to maneuver ahead and turn into the power hub of America,” he added.
“[We should] see increasingly not solely mining operations, but when you consider what Elon Musk is doing in Memphis with xAI, the information facilities, the alternatives with synthetic intelligence — there are various, many issues which are going to occur in Tennessee.”
The Senator added that he believes the state may strike partnerships with Oak Ridge National Laboratory, Vanderbilt College, the College of Tennessee and Tennessee Tech as it really works to turn into a extra pleasant vacation spot for Bitcoin miners and information facilities.
“We’ve acquired nice alternatives [from] Memphis all the best way throughout the state,” mentioned Senator Hagerty.
Hagerty’s Name For Bipartisanship
Whether or not it’s working towards stablecoin laws or crafting regulation that may allow industries like Bitcoin mining and information facilities to thrive in the USA, Senator Hagerty believes these efforts ought to be inherently bipartisan.
“[These are] bipartisan — or nonpartisan concern[s] — frankly,” mentioned the Senator.
“In case you care in regards to the competitiveness of America — if you wish to see innovation occur on our shores somewhat than being pushed abroad — then you definitely’re going to help what we’re making an attempt to do when it comes to placing a regulatory framework in place that may ship certainty, that may create an ecosystem right here in America that may permit these corporations to thrive,” he added.
“It’s not simply the stablecoin laws I’m placing ahead or what could occur with Bitcoin or different applied sciences like that. It’s the general blockchain expertise that’s going to assist advance America past the twenty first century. We have to keep within the lead. We will keep within the lead.”
