Senator Bill Hagerty is pushing the GENIUS Act to establish a federal framework for stablecoins, which could influence Bitcoin wallet usage in the U.S. He envisions Tennessee becoming a center for Bitcoin mining and AI due to its vast energy resources, particularly through nuclear energy. During an interview, Hagerty emphasized leveraging the Tennessee Valley Authority and partnerships with local universities to create a supportive ecosystem for tech innovations like Bitcoin mining and data centers, positioning the state as a national energy hub.
"We have an opportunity before us to be in the very lead," Senator Hagerty told Bitcoin Magazine in regard to building nuclear facilities that can be used to produce energy 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.
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