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Sen. Scott says Clarity Act will underpin market-structure bill, aims for committee action in September
Summary
Sen. Tim Scott said the Clarity Act and a marketplace-structure bill for digital assets are complementary; he told the interviewer he hopes the market-structure bill will reach his committee in September and the Senate floor in October, with a goal of enactment this year.
Senator Tim Scott said the House-passed Clarity Act and the committee’s forthcoming market-structure draft for digital assets would work together to provide regulatory clarity.
"President Trump made a promise on the campaign trail to make America the crypto capital of the world," Scott said, framing market-structure clarity as necessary for innovators to invest in the United States rather than overseas. He said the Clarity Act will serve as a foundation for market-structure work and expressed a target timetable: the market-structure legislation could hit his committee in September and potentially reach the Senate floor in October, with a goal of being signed into law in the same year.
Scott argued that clearer rules would reduce a "chilling effect" on innovation and encourage entrepreneurs and investors to remain in the U.S. He described the industry as "a multitrillion dollar industry" and positioned legislative clarity as a competitive priority.
The interview did not include comment from House sponsors of the Clarity Act, crypto-industry representatives, or regulators; timing and procedural steps are Scott’s stated expectations rather than confirmed, binding dates.
