U.S. Senate Banking Committee GOP

The GENIUS Act – now law – will provide faster, cheaper, and more accessible payments while also cementing dollar dominance abroad.   This legislation is critical to keeping the future of digital finance anchored in America.

By soliciting stakeholder input on market structure, @SenatorTimScott is reaffirming his commitment to setting the global standard for digital asset regulation. These actions serve as crucial steps to classify tokens, modernize securities laws, & prevent illicit finance.

My discussion draft for digital asset market structure legislation takes important steps to: ✅ Define Ancillary Assets ✅ Create Disclosure Requirements ✅ Promulgate New Rules ✅ Modernize Securities Regulations ✅ Prevent Illicit Finance ✅ Promote Responsible Banking…

To build a durable piece of legislation that delivers for the American people, we must engage stakeholders from across the spectrum. That’s why, along with my discussion draft, I released a Request for Information (RFI) and encourage stakeholders to participate in this process.

.@CPOfficialtx: "Senator Tim Scott, the lead on the release of the draft, commented, 'I’m grateful for the hard work of our House counterparts to craft smart, bipartisan legislation, and I look forward to building on their work here in the Senate...'" cryptopolitan.com/us-senate-unve…

Republicans on the Senate Banking Committee today released a discussion draft of legislation that would overhaul the shape of financial regulation for the crypto sector. Vault co-author @BrendanPedersen has more: punchbowl.news/article/financ…

.@CoinDesk: "The draft follows the introduction of principles from the Senate Banking Committee last month that Chairman @SenatorTimScott said would 'serve as an important baseline' for the bill." coindesk.com/policy/2025/07…

Digital assets are the future, and we must ensure America is at the forefront. Thanks to the work of @SenLummis, @SenatorHagerty, and @SenatorTimScott, the GENIUS Act will help make America the crypto capital of the world.

.@TheBlock__: "Republican Senate Banking Committee Chair Tim Scott and other lawmakers are moving forward with their cryptocurrency market structure bill that they say expands work done on a bill passed out of the U.S. House of Representatives last week." theblock.co/post/363815/se…

Today, @SenatorTimScott, @berniemoreno, @SenatorHagerty and I led our colleagues in releasing the discussion draft for market structure legislation that will serve as the foundation for making the U.S. the crypto capital of the world.

America has always led the world in financial innovation, and we aren’t slowing down now. I look forward to working with friends in the industry and across the aisle to craft market structure legislation that is pro-digital assets, pro-innovation, and pro-consumer protection.

My colleagues in the House and Senate and I share the same goal: provide clear rules of the road for digital assets. With a bipartisan, bicameral approach, we are ensuring that the United States is positioned as the global leader in digital asset innovation.…

Chairman @SenatorTimScott in @FoxBusiness: "Working with President Trump, we can deliver a comprehensive, bipartisan regulatory framework for digital assets." foxbusiness.com/politics/senat…

#NEW: Building on the success of the CLARITY Act in the House, @SenatorTimScott, @SenLummis, @SenatorHagerty, & Senator Moreno released a discussion draft of digital asset market structure legislation covering issues under @BankingGOP jurisdiction. More: banking.senate.gov/newsroom/major…

Chairman @SenatorTimScott has championed efforts to increase access to our capital markets for hardworking Americans. Tonight, the House passed legislation he led in the Senate to ensure all Americans - not just the wealthy - can share in our economic success.

Watch how we made history with the first crypto legislation signed into law. The GENIUS Act faced roadblocks, but we got it done. @POTUS @realDonaldTrump

With President Trump’s signature, Congress has established the first US federal framework to regulate payment stablecoins.   The GENIUS Act:   1. Protects consumers 💪 2. Strengthens U.S. dollar supremacy 💵 3. Bolsters our national security 🇺🇸

Promises made, promises kept! Thanks to President Trump for signing the first U.S. digital assets legislation into law. The GENIUS Act will help ensure America is the crypto capital of the world, and protect consumers and strengthen our national security.

🚨BREAKING: President Trump has officially signed the GENIUS Act into law. Chairman @SenatorTimScott, @SenatorHagerty, @SenLummis and their colleagues are working to cement the U.S. as the crypto capital of the world. banking.senate.gov/newsroom/major…

The GENIUS Act is one step closer to becoming law, ensuring the U.S. remains at the forefront of financial innovation. Thankful for the leadership of @SenatorHagerty, @SenLummis, and @SenatorTimScott on getting this important legislation to @POTUS’ desk.