U.S. Senator Tim Scott Unveils Priorities Including Digital Asset Framework

According to Odaily, U.S. Senator Tim Scott has released a list of priorities for the 119th Congress, which includes the development of a digital asset framework. The document highlights concerns over the lack of clear guidance from the U.S. Securities and Exchange Commission (SEC) under Chairman Gensler, which has led some cryptocurrency projects to move overseas. Looking ahead, the committee aims to establish a regulatory framework that provides a dedicated path for the trading and custody of digital assets. This initiative seeks to enhance consumer choice, education, and protection while ensuring compliance with the Bank Secrecy Act. Additionally, the committee plans to create an open and inclusive environment for innovative financial technologies and digital asset products, such as stablecoins, that promote financial inclusion.