Republican Senator Predicts Democratic Support for Landmark US Crypto Bill

Senator Tim Scott, Chair of the Senate Banking Committee, expressed optimism regarding bipartisan support for a new digital asset market structure bill. Speaking at the Wyoming Blockchain Symposium, Scott indicated that he anticipates Democrats will join Republicans in advancing the legislation, tentatively titled the Responsible Financial Innovation Act, following the passage of the stablecoin-focused GENIUS Act. He noted efforts to engage Democrats outside the committee to encourage votes for the bill, citing that 18 Democrats supported the GENIUS Act.