U.S. Senator Tim Scott, the top Republican on the Senate Banking Committee, will release his priorities for a regulatory framework for crypto today, according to Politico. Reporting by oknightcrypto
A previous version of this story said in the headline that the Senate Banking Committee was releasing its priorities for a crypto regulatory framework, not Sen. Scott.
U.S. Sen. Tim Scott , the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday, according toScott is skeptical on cryptocurrencies following"several high profile failures" and"concerns with illicit finance," the report said.
Senate Banking Committee Chairman Sen. Sherrod Brown paved the way for crypto legislation in November,revealing his willingness to work towards a regulatory framework. Scott, meanwhile, has remained fairly quiet on the topic of crypto legislation until now, which could well loosen the bottleneck on the topic in Congress.
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