At the SALT Wyoming Blockchain Symposium, Scott projected 12 to 18 Democrats may back the CLARITY Act, despite opposition from Sen. Warren, with a target completion date of September 30.
Sen. Tim Scott predicted at the SALT Wyoming Blockchain Symposium that between 12 and 18 Senate Democrats may support the Digital Asset Market Clarity (CLARITY) Act, despite resistance from Sen. Elizabeth Warren. Scott is working with President Donald Trump and other policymakers to complete the market structure legislation by September 30. The GENIUS Act, a major stablecoin bill, was signed into law by Trump last month, but key Democrats like Rep. Maxine Waters have criticized both bills as weakening regulations and consumer protections. Warren's opposition is seen as a major hurdle in securing bipartisan support.