Senate Banking Chair Predicts Strong Democratic Support for Crypto Bill

Senate Banking Committee Chair Tim Scott says he expects between 12 and 18 Senate Democrats to cross party lines and support a new crypto market structure bill. That’s a surprising figure, especially given the usual partisan gridlock around financial regulation.

Individual Outreach to Build Bipartisan Consensus

Scott has been speaking directly with Democratic Senators, including some who aren’t on the Banking Committee, to drum up early support. He’s aiming to build momentum before the bill officially lands in the Senate this September.

Tags: