Senate Banking Committee Chairman Tim Scott is set to focus on crypto regulation and financial innovation in his new legislative agenda. This marks a significant shift in the committee’s approach to digital assets, as Scott aims to establish a regulatory framework that supports the trading and custody of these assets.

His priorities include:

• Enhancing consumer choice
• Education and protection for consumers
• Addressing the lack of clarity from previous SEC leadership, which has led to cryptocurrency projects relocating overseas

Scott’s agenda also encompasses a broader range of issues, such as:

• Promoting financial inclusion
• Revising burdensome regulations
• Improving housing affordability
• Strengthening national economic security
• Tackling cyber threats and illicit finance
• Encouraging innovation in financial infrastructure

📎 Related coverage from: cryptobriefing.com