Headline : Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut

Read more from the original article on here at www.coindesk.com.

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U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S.

It's a common refrain from Republican lawmakers these days, but Scott – the direct counterpart of crypto skeptic Chairman Sherrod Brown (D-Ohio) – had stayed relatively quiet on crypto as that committee became the bottleneck for U.S. legislation.

He broke that reticence with his lively crypto debut at Bitcoin 2024 in Nashville, Tenn., where he shouted the merits of digital assets. Scott could become chairman of that committee, which oversees U.S. financial regulation, if Republicans retake the Senate majority after the November elections.

"We have to get rid of the folks who are in the way," he said, speaking alongside U.S. Sen. Cynthia Lummis (R-Wyo.), and lambasting Securities and Exchange Commission Chair Gary Gensler as a crypto-policy roadblock. "Chairman Gensler, lord have mercy … Hit the road, Jack, and don't you come back, no more, no more, no more."

Read more from the original article on here at www.coindesk.com.

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