Senate Banking Committee Chairman Tim Scott called on the Securities and Exchange Commission and Commodity Futures Trading Commission to establish clear digital asset rules until Congress legislates, after a motion to advance the Clarity Act fell short. Scott said nearly all Senate Republicans supported the motion and pledged to continue working to protect Americans’ savings and keep financial innovation in the United States.
2026-09-15U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs chairman urges interim SEC and CFTC digital asset rules after Clarity Act vote fails
Senate Banking Committee Chairman Tim Scott urged the SEC and CFTC to set clear digital asset rules until Congress acts. His call followed the Senate’s failure to advance the Clarity Act despite support from nearly all Senate Republicans.