U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis discussed the path forward for the Clarity Act at the SALT 2026 Conference. Scott said the legislation has a good chance of reaching the finish line in September and argued that statutory digital asset rules are needed to give businesses lasting certainty and predictability. Scott framed the legislation as necessary to prevent digital asset policy from shifting between administrations and to keep founders, innovators and investment in the United States. He also emphasized the importance of securing sufficient support for a vote, citing the need to unite all 13 Republican members for a successful Banking Committee outcome.
2026-08-20U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs leaders outline Clarity Act path, flag possible September finish
U.S. Senate Banking Committee leaders discussed the path forward for the Clarity Act, with Chairman Tim Scott indicating it could reach the finish line in September. Scott argued that legislation is needed to provide durable digital asset rules and prevent policy swings between administrations.