Senator Tim Scott Predicts Bipartisan Support for Crypto Market Structure Bill

Senate Banking Committee Chairman Tim Scott anticipates significant Democratic backing for the Digital Asset Market Clarity (CLARITY) Act, projecting at least 12 of 18 Democrats will support the legislation. Speaking at the SALT Wyoming Blockchain Symposium 2025, Scott framed the bill as a bipartisan opportunity despite opposition from figures like Senator Elizabeth Warren.

The CLARITY Act aims to establish regulatory frameworks for digital assets, with Scott emphasizing a September 30 deadline for completion. The legislation aligns with broader efforts to position the U.S. as a leader in cryptocurrency markets, a vision shared by key Republican allies and former President Trump’s administration.

Market participants view the bill as a potential catalyst for institutional adoption, though regulatory hurdles remain. The debate reflects growing political divides on crypto policy, with progressive Democrats advocating stricter oversight while centrists push for innovation-friendly rules.