U.S. After serving as an Ambassador to Japan for a time, Senator Bill Hagerty (Republican from Virginia) was elected in 2020. He will represent Tennessee. spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just want to make certain as you exercise those oversight responsibilities that we don’t stifle innovation in this arena.”

Hagerty Introduced legislation with Senator Mark Warner (D-VA) in July to study China’s adoption of a digital currency. Chopra, Hagerty and others have notable achievements. Mixed previously during the former’s confirmation hearings, with Hagerty even introducing a bill to require congressional approval for the bureau’s funding.