Scott: Congress, Trump Administration Committed to Securing U.S. Leadership in Digital Assets
Scott and his colleagues announced the creation of a bicameral working group to build consensus around a regulatory framework for the industry.
Washington, D.C. – Senate Banking Committee Chairman Tim Scott (R-S.C.) joined leaders from the Trump administration and Congress today to highlight their shared goal of ensuring the United States remains a leader in the digital asset ecosystem. In a press conference with President Trump’s White House A.I. and Crypto Czar David Sacks, Senate Agriculture Committee Chairman John Boozman (R-Ark.), House Financial Services Committee Chairman French Hill (R-Ark.), and House Agriculture Committee Chairman G.T. Thompson (R-Pa.), Chairman Scott emphasized the potential of the industry to democratize the financial world and improve financial inclusion.
During the press conference, Scott and his colleagues announced the creation of a bicameral working group focused on digital assets and comprised of members of the Senate Banking Committee, House Financial Services Committee, and Senate and House Agriculture Committees, to build consensus around a regulatory framework for digital assets that will ensure innovation happens here in the United States, not overseas.
Click here or on the image above to watch Chairman Scott’s remarks.
“I love the concept that we see today – synergy with the administration, the House, and the Senate – focusing not on ourselves, but focusing on working class Americans who desperately need to reduce their prices and increase their access [to financial services.] That’s what the bicameral working group will help tackle. I have a preexisting working friendship with G.T. and French and John, and the good news is we come together already having proven the ability to work together to get things done for the American people,” said Chairman Scott.
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