In a Fox Business interview, U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott discussed the Senate’s procedural vote on the Clarity Act as an opportunity to continue negotiations on digital asset market structure legislation. He argued that federal rules are needed to protect consumers and give developers clearer direction to build digital asset businesses in the United States. Scott also addressed implementation of the 21st Century ROAD to Housing Act, which became law in July, noting that its effects will take time to reach the housing market. He emphasized expanding housing supply and construction alternatives alongside addressing the multiple factors that affect mortgage borrowing costs.
2026-09-15U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott discusses Clarity Act vote and digital asset market structure negotiations
In a Fox Business interview, Senate Banking Committee Chairman Tim Scott described the Clarity Act procedural vote as a step toward continued negotiations on digital asset market structure and stronger consumer protections. He also said implementation of housing legislation enacted in July will take time and emphasized increasing housing supply and construction alternatives.