Senator Tim Scott is spearheading the effort to establish clearer regulations for cryptocurrencies in the U.S., focusing on consumer protection, innovation, and global competitiveness in the digital asset market.

Scott has criticized the previous SEC’s lack of guidance that forced many projects overseas and is working towards creating a regulatory framework that supports trading and custody of digital assets while promoting consumer choice.

Incorporating digital asset regulation into national security is a priority for Scott, who aims to foster responsible innovation in the crypto sector while ensuring economic stability and positioning the U.S. As a leader in digital asset regulation.