Sen. Tim Scott Accuses Elizabeth Warren of Obstructing Crypto Market Structure Bill

Senator Tim Scott is spearheading efforts to pass a comprehensive cryptocurrency market structure bill before the September 30 deadline. The draft legislation, backed by Republicans and some Democrats, aims to establish regulatory clarity for digital assets. Scott claims bipartisan support is within reach, but Senator Elizabeth Warren's opposition remains a significant roadblock.

Warren has criticized the bill's current form, alleging it grants excessive influence to crypto industry lobbyists. The House has already passed similar legislation, but Senate consensus remains elusive. At the Wyoming Blockchain Symposium, Scott suggested 12-18 Democrats could support the measure if not for Warren's resistance.

The standoff highlights deepening partisan divisions over cryptocurrency regulation. With the deadline approaching, the bill's fate hinges on whether compromises can bridge the gap between progressive skepticism and pro-innovation approaches to digital asset oversight.