Scott Applauds President Trump’s Executive Order to Create Working Group on Digital Asset Markets
Washington, D.C. – Chairman Tim Scott (R-S.C.) today applauded President Donald Trump’s Executive Order to establish the President’s Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
“Voters across the country were clear in November: they want access to digital assets and a clear regulatory framework for the industry. Just days into his administration, President Trump is delivering on his promises, creating the first President’s Working Group on Digital Asset Markets to ensure the federal government is working together to keep the United States a leader in digital assets innovation and to protect Americans from unlawful government surveillance. As Chairman of the Senate Banking Committee, I look forward to partnering with President Trump and his team to bring clarity, choice, and opportunity to this important sector of our 21st century economy,” said Chairman Scott.
Background:
In December, Chairman Scott met with David Sacks, President Trump’s White House A.I. and Crypto Czar, who will be leading the working group. In his legislative and oversight priorities for the 119th Congress, Chairman Scott pledged the committee will work to build a regulatory framework that establishes a tailored pathway for the trading and custody of digital assets that will promote consumer choice, education, and protection and ensure compliance with any appropriate Bank Secrecy Act requirements.
Earlier today, the Senate Banking Committee approved the first-ever Subcommittee on Digital Assets – created by Chairman Scott and led by Senator Cynthia Lummis (R-Wyo).
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