Tim Scott, US Senate Banking Chair, Calls Crypto ‘The Next Wonder Of The World’
U.S. Republican lawmakers, including Senator Tim Scott and Representative French Hill, have pledged to take action on digital asset legislation and plan to advance crypto market structure bills such as the Financial Innovation and Technology Act for the 21st Century (FIT21) and the Stablecoin Act. Hill emphasized the importance of bipartisan support for successful legislation, which is expected to be successful in 2025. Scott believes that cryptocurrencies are “the next wonder of the world,” and he claimed that he will serve as chairman of the subcommittee creating digital assets for the first time.
