CLARITY Act stalls as Scott criticizes Warren’s team

The CLARITY Act has stalled ahead of a Sept. 15 procedural vote requiring 60 senators, as Senate Banking Committee Chairman Tim Scott accused Elizabeth Warren’s team of trying to drive crypto activity from the United States. Summary The Senate will hold a Sept. 15 cloture vote on whether to begin considering H.R. 3633. Scott accused Warren’s team of repeatedly changing its demands during negotiations. Republicans need Democratic support because advancing the bill requires at least 60 Senate votes. Ethics rules, stablecoin rewards and financial-crime provisions remain unresolved. SALT Conference footage from the Wyoming Blockchain Symposium showed Scott blaming Warren and her allies for holding up the Digital Asset Market Clarity Act during his Aug. 18 appearance. “Elizabeth Warren’s team wants to run Bitcoin and crypto out of the country,” Scott said. The future of finance should be built in America.It was great to speak at the SALT Conference alongside @SenLummis to discuss why passing the Clarity Act is critical to U.S. competitiveness, consumer protection, and keeping digital asset innovation here at home.I’m focused on… pic.twitter.com/2J3nc80uQG— Senator Tim Scott (@SenatorTim...