U.S. U.S. Senator Bill Hagerty, (Republican-Elected from Virginia), was elected to the Tennessee Senate in 2020 after serving as Ambassador to Japan. 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 Introduction legislation with Senator Mark Warner (D-VA) in July to study China’s adoption of a digital currency. Chopra and Hagerty are notable examples. Combinations previously during the former’s confirmation hearings, with Hagerty even introducing a bill to require congressional approval for the bureau’s funding.