Senator Tim Scott Calls for Comprehensive Cryptocurrency Regulations in 2023

Senator Tim Scott from South Carolina has called for a comprehensive regulatory framework for the cryptocurrency industry this year, arguing that such a framework would foster growth and innovation within the sector. In a statement as the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, Senator Scott criticized the current administration’s approach to cryptocurrencies. He emphasized that regulation would support the continued development of the U.S.’s cryptocurrency industry and enhance the nation’s economic competitiveness.