Senator Bill Hagerty (R-TN) has been within the headlines as of leisurely as the GENIUS Act (S. 1582), a invoice for which he became the principle sponsor, strikes nearer to passing within the U.S. Senate.
The GENIUS Act is a invoice that, if enacted into legislation, would invent a federal regulatory framework for stablecoins so as that the know-how may even be extra broadly adopted. (While some Bitcoin enthusiasts may well well no longer like this, they must always aloof hearken to the language within the invoice, because it may perchance well possess an impact on U.S. voters’ means to utilize Bitcoin wallets privately.)
Nonetheless, stablecoins aren’t one of the most classic factor on Senator Hagerty’s mind.
He’s also focused on guidelines on how to easiest originate and harness vitality in Tennessee to utilize it for Bitcoin mining and AI compute.
He shared his vision on this subject with me in an interview I performed with him at Bitcoin 2025:
Tennessee As A Hub For Bitcoin Mining and AI Compute
“We possess an opportunity sooner than us to be within the very lead,” Senator Hagerty suggested Bitcoin Magazine in regard to building nuclear facilities that will even be aged to originate vitality for Bitcoin mining and AI processing.
“The largest utility within the realm is the Tennessee Valley Authority — completely the largest one in America — and I bask in we’ve bought a completely different opportunity here to switch forward and became the vitality hub of America,” he added.
“[We should] take a look at out an increasing selection of no longer easiest mining operations, but while you watched about what Elon Musk is doing in Memphis with xAI, the strategies centers, the opportunities with artificial intelligence — there are hundreds of, many issues that are going to occur in Tennessee.”
The Senator added that he believes the order may well well also strike partnerships with Oak Ridge National Laboratory, Vanderbilt University, the University of Tennessee and Tennessee Tech because it works to became a extra pleasant walk set for Bitcoin miners and details centers.
“We’ve bought wide opportunities [from] Memphis your entire methodology across the order,” said Senator Hagerty.
Hagerty’s Name For Bipartisanship
Whether it’s working toward stablecoin legislation or crafting legislation that will enable industries like Bitcoin mining and details centers to thrive within the united states, Senator Hagerty believes these efforts must always be inherently bipartisan.
“[These are] bipartisan — or nonpartisan challenge[s] — frankly,” said the Senator.
“If you occur to care about the competitiveness of America — in expose for you to search innovation occur on our shores reasonably than being pushed in a in a foreign country country — then you’re going to make stronger what we’re looking to originate in phrases of hanging a regulatory framework in situation that will carry certainty, that will invent an ecosystem here in America that will enable these corporations to thrive,” he added.
“It’s no longer steady the stablecoin legislation I’m declaring or what may well well occur with Bitcoin or other applied sciences like that. It’s the total blockchain know-how that’s going to reduction arrive America previous the 21st century. We deserve to care for within the lead. We are capable of care for within the lead.”
This post Senator Hagerty’s Vision Previous The GENIUS Act: Invent Tennessee A Hub For Bitcoin Mining first regarded on Bitcoin Magazine and is written by Frank Corva.
