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