Does Tim Scott Support Crypto?

Based on previous comments, Tim Scott has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Tim Scott has made about Bitcoin, Ethereum, and cryptocurrency innovation.

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Very Pro-Crypto

Voted for a bill on May 16th, 2024
Bill Name
SAB 121 House Joint Resolution
Details
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
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Somewhat Pro-Crypto

Quoted from www.banking.senate.gov on Feb 14th, 2023

In his opening statement at today’s U.S. Senate Banking Committee hearing on digital assets, Ranking Member Tim Scott (R-S.C.) explained the importance of safe and sound financial innovation. In addition to calling for Chair Gensler’s testimony before the Committee, the Ranking Member urged his colleagues to pursue a thoughtful, balanced approach to digital assets that protects consumers and promotes innovation and opportunity. 

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Somewhat Pro-Crypto

Cosponsored a bill on Mar 24th, 2022
Bill Name
Equal Opportunity for all Investors Act
Details
This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors. Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission (SEC), a state securities commission, or certain self-regulatory organizations.
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Somewhat Pro-Crypto

Quoted from www.lummis.senate.gov on May 27th, 2021

Tim Scott sits on the Financial Innovation Caucus of the U.S. Senate. The caucus will serve as a space in the Senate to discuss domestic and global financial technology issues, and to launch legislation to empower innovators, protect consumers and guide regulators, while driving U.S. financial leadership on the international stage.

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