The U.S. Senate Committee on Banking, Housing and Urban Affairs published an interview in which Chairman Tim Scott called for an initial vote on the Clarity Act before the Senate leaves Washington. He reported growing Republican support for a procedural vote and said broader Republican backing could help bring Democrats into negotiations. Scott said the legislation would establish regulatory rules for digital assets, including an area where crypto rewards currently lack a standard. He framed the bill as supporting consumer protection and allowing digital asset innovation to remain in the U.S.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-08-06
U.S. Senate Committee on Banking, Housing and Urban Affairs chairman presses for Clarity Act vote as Republican support grows
Senate Banking Committee Chairman Tim Scott called for an initial Clarity Act vote before the Senate leaves Washington and reported growing Republican support for a procedural vote. He said the bill would establish digital asset rules intended to protect consumers and support U.S. innovation.