Key Republican senator expects Democratic support for US crypto market structure bill

The CLARITY Act awaits Senate consideration in September, with Senator Tim Scott saying he expects 12 to 18 Democrats to back the market structure bill.

While the US Congress remains in recess until September, one of the senators leading the charge behind legislation to establish a digital asset market structure said he expects bipartisan support.

Speaking from the Wyoming Blockchain Symposium in Jackson Hole on Tuesday, Senate Banking Committee Chair Tim Scott said he expected at least some Democrats to join with Republicans to move forward on the Digital Asset Market Clarity (CLARITY) Act following the passage of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act.

The South Carolina senator said that he had already been making efforts to reach out to Democrats outside of the banking committee to “provide cover” to vote for the bill.

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