U.S. Senator Bill Hagerty has joined the conversation about crypto and bitcoin regulation, urging Congress to be careful in its approach in order to foster innovation instead of suppressing it. He noted the potential of crypto to disrupt the traditional banking model, but emphasized that their innovation should be maintained domestically, rather than pushed offshore. He also castigated the SEC for taking an enforcement-centric approach to the crypto industry, instead of a lighter regulatory approach. His statement comes in response to JPMorgan CEO Jamie Dimon's assessment that the government should close down bitcoin and cryptocurrency, but serves as a counter argument to it, advocating for a more balanced approach.



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