{"content":"🔥 Crypto Legislation Heats Up — Republicans Count on Dems to Deliver Senator Tim Scott expects 12–18 Democrats to back CLARITY. He said that opposition leaders like Senator Elizabeth Warren are limiting Democratic participation. The GENIUS Act, Anti-CBDC law, and CLARITY bill passed the House bipartisanly in July. At the Wyoming Blockchain Symposium on Tuesday, Senate Banking Committee Chair Tim Scott said he expects up to 18 Democrats to support the market structure CLARITY bill despite Elizabeth Warren's objections. Senator anticipates Democrat CLARITY bill support On Tuesday, Senate Banking Committee Chair Tim Scott suggested Democrats may support the Digital Asset Market Clarity (CLARITY) measure like they did the GENIUS Act. At the Wyoming Blockchain Symposium in Jackson Hole, bill proponent Tim Scott predicted 12 to 18 Democratic votes for the market structure bill. "I believe that we'll have between 12 and 18 Democrats at least open to voting for market structure," he stated. He said that longtime crypto critic Sen. Elizabeth Warren hinders Democratic backing. "The forces against it, let me just say it clearly, like Elizabeth Warren, standing in the way of Democrats wanting to participate," he said. Warren has repeatedly attacked crypto measures in the Senate, including the GENIUS Act before it passed. In July, she cautioned that the CLARITY Act might undercut securities regulations by allowing non-crypto firms to tokenize assets without SEC scrutiny. The CLARITY law seeks to standardize digital asset regulation. The measure clarifies that the CFTC and SEC oversee crypto markets, reducing regulatory confusion. July saw bipartisan passage of the CLARITY, GENIUS, and Anti-CBDC bills in the House. President Trump signed the GENIUS Act soon after, as the Senate finalized the other laws. Tim Scott, Cynthia Lummis, Thom Tillis, and Bill Hagerty issued a list of principles to drive market structure legislation in June. #PowellWatch #MarketPullback #ETHStakingExitWatch #AltcoinSeasonLoading #MetaplanetBTCPurchase $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/20/e25fab690e924c5584a8e41e9c754a99.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}