Senator Tim Scott courts Democrats for crypto bill as Warren rallies opposition

By putting a number on his expected democratic support, Senator Scott seems to exert pressure and write a public whip count that could force the hesitant senators to declare their position, transforming a political debate into a political test of loyalty and vision.

Talk to Wyoming blockchain symposium On August 19, republican senator Tim Scott publicly quantified his democratic support expected at the next Clarity Act, predicting between 12 and 18 inter-alsles votes.

The President of the Senate Banking Committee has detailed its awareness of democrats, supervising the vote as a necessary step to provide a regulatory certainty in the crypto industry and to achieve the declared objective of President Trump to make the United States a world center for digital finance.

In particular, Scott directly addressed the main obstacle, appointing Senator Elizabeth Warren as the central “force of overcoming” for Democrats who could otherwise be inclined to support the legislation on the structure of the market.

Warren’s objections and cryptographic regulation policy

The Senate bill, which is based on the law on the clarity of the Chamber, aims to clarify how the SEC and the CFTC divide surveillance and ensure the legal certainty of exchanges and token issuers.

For its donors, the bill represents a modernization long expected financial rules to accommodate Crypto, a sector that has increased much faster than the capacity of regulators to control it. Scott and other Republicans argue that without a complete structure, innovation will derive abroad, leaving the American markets behind.

Warren, the best democrat of the banking committee, launched the bill in clearly different terms. She has rocket The republican project as a “industry document”, arguing that it creates a tailor -made regulatory regime with lower consumer protections and lighter compliance charges than those mandated for traditional banks and financial institutions.

The central criticism of the senator is that the bill, considerably shaped by the contributions of the industry, favors the wishes of the lobby of the cryptography on the financial security of the daily Americans, potentially exposing the economy to the systemic risks. It links this to a broader story of corruption, highlighting the potential for conflicts of interest.

The political elephant in the play

The critic line of Senator Elizabeth Warren is disputed with a powerful political attack on the part of the Democrats focused on the commercial interests of President Trump. They indicate the 620 million dollars estimated in profits that his family would have obtained from various cryptographic companies, including the Defi and Even projects, as proof that the pro-innovation position of the administration concerns less national policy and more on personal enrichment.

This framing seems to hinder the entire legislative effort, providing the support of the politically toxic bill for the Democrats by associating it with the president’s private financial gains.

Despite this formidable obstacle, Scott’s optimism is fueled by more than hope. It is rooted in the unprecedented alignment of an cryptographic user -friendly executive branch. He counts on the Trump administration to act as a powerful ally, both in the lobbying of the hesitant legislators and in the preparation of regulatory machines for rapid implementation if the bill adopts.

“We now have a team that is looking and we have the impression that we must do it now. Executive action is not sufficient – point of view. If a president hated that, he likes him, we need a Senate and a house that obtains legislation,” said Scott in a statement.

What is at stake in September is nothing less than the immediate future of the American digital asset industry. The end date of the month of Senator Scott Scott for the action of the Committee is a critical test of its political capital and its ability to forge a work coalition.