Senate Banking Committee Chairman Tim Scott accused Democrats of deliberately holding up the CLARITY Act, warning at the SALT Conference in Wyoming on August 18 that the crypto bill won't pass unless Republicans apply direct pressure. He also said Warren's team wants to run crypto out of the country.
A direct charge
Scott didn't mince words. He said Democrats are intentionally stalling the legislation, a piece of crypto policy that has been stuck in committee. The chairman gave no specifics on which provisions are the problem, but he framed it as a political decision rather than a technical one.
Call for Republican pressure
Scott warned that the CLARITY Act would never pass without direct Republican pressure. That's a pointed message to his own conference: don't assume the bill moves on its own. He's effectively asking Republicans to push leadership and force a vote.
Warren's team in the crosshairs
Scott singled out Warren's team, saying they want to run crypto out of the country. He didn't name the senator directly, but the reference is clear. The remark adds to a long-running feud between crypto advocates and the Warren camp, though Scott didn't offer evidence for the claim.
As of this writing, the CLARITY Act remains in limbo. Scott's comments suggest Republicans may try to force the issue, but he gave no timeline for action.
