Scott Predicts Bipartisan Support for Crypto Market Structure Bill

Despite the US Congress taking a break until September, Senator Tim Scott, chairman of the Senate Banking Committee, expressed optimism about bipartisan support for legislation to establish a framework for the digital asset market. He predicts that Democrats will join Republicans in advancing the Digital Asset Market Clarity (CLARITY) Act following the passage of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act. Scott has already taken steps to secure Democratic votes, highlighting the bipartisan effort behind the bill.