Senator Hagerty’s Vision Beyond The GENIUS Act: Make Tennessee A Hub For Bitcoin Mining

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Senator Bill Hagerty (R-TN) has been within the headlines as of late because the GENIUS Act (S. 1582), a invoice for which he was the first sponsor, strikes nearer to passing within 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. (While some Bitcoin lovers could not like this, they need to nonetheless take note of the language within the invoice, because it may have an effect on U.S. residents’ capacity to make use of Bitcoin wallets privately.)

However, stablecoins aren’t the one factor on Senator Hagerty’s thoughts.

He’s additionally occupied with finest produce and harness vitality 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 an opportunity before us to be in the very lead,” Senator Hagerty informed Bitcoin Magazine in regard to constructing nuclear amenities that can be utilized to provide vitality for Bitcoin mining and AI processing.

“The largest utility in the world is the Tennessee Valley Authority — certainly the largest one in America — and I think we’ve got a unique opportunity here to move forward and become the energy hub of America,” he added.

“[We should] see more and more not only mining operations, but if you think about what Elon Musk is doing in Memphis with xAI, the data centers, the opportunities with artificial intelligence — there are many, many things that are going to happen in Tennessee.”

The Senator added that he believes the state also can strike partnerships with Oak Ridge National Laboratory, Vanderbilt University, the University 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 got great opportunities [from] Memphis all the way across the state,” mentioned Senator Hagerty.

Hagerty’s Call For Bipartisanship

Whether it’s working towards stablecoin laws or crafting regulation that can allow industries like Bitcoin mining and information facilities to thrive within the United States, Senator Hagerty believes these efforts ought to be inherently bipartisan.

“[These are] bipartisan — or nonpartisan issue[s] — frankly,” mentioned the Senator.

“If you care about the competitiveness of America — if you want to see innovation happen on our shores rather than being pushed overseas — then you’re going to support what we’re trying to do in terms of putting a regulatory framework in place that will deliver certainty, that will create an ecosystem here in America that will allow these companies to thrive,” he added.

“It’s not just the stablecoin legislation I’m putting forward or what may happen with Bitcoin or other technologies like that. It’s the overall blockchain technology that’s going to help advance America beyond the 21st century. We need to stay in the lead. We can stay in the lead.”

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