Tim Scott Blames Democrats for Crypto Bill Delays, Eyes Vote Next Month
Senator Tim Scott, chair of the Senate Banking Committee, is pushing for a vote on the crypto market structure bill by early 2025. The legislation, which seeks to balance consumer protection with economic competitiveness, has faced delays due to partisan disagreements. Scott attributes the holdup to Senate Democrats, though bipartisan efforts are growing.
Both the Senate Banking and Agriculture Committees are expected to vote on the bill next month. The regulatory framework aims to provide clarity for the crypto market, addressing concerns from industry participants and policymakers alike. The timeline remains fluid as negotiations continue behind closed doors.