Senator Bill Hagerty argues for a laissez-faire approach to cryptocurrency regulation and says regulatory uncertainty allowed former SEC chair Gary Gensler to attack the industry. He explains how the SEC and CFTC are regulating digital assets without direct congressional action, as well as the potential effects of the GENIUS Act on payments and settlement. The interview also covers the role of stablecoins in demand for U.S. Treasury securities, dollar dominance, and the possibility of establishing a strategic reserve of 200,000 bitcoin. Hagerty additionally discusses American skepticism toward crypto, the growth of bitcoin mining in Tennessee, and what Congress could realistically pass before the new session begins in January.
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