Chairman Scott, Senate Banking Committee Advance Clarity Act in Historic Bipartisan Vote

Washington, D.C. — Chairman Tim Scott (R-S.C.) today led the Senate Banking Committee in a successful bipartisan markup to advance H.R. 3633, the Digital Asset Market Clarity Act of 2025, legislation to establish clear rules of the road for digital assets. After nearly a year of good-faith bipartisan negotiations, Senate Banking Committee Republicans and Democrats came together today to advance a comprehensive market structure bill that will establish America as the crypto capital of the world. The bill advanced out of committee today by a vote of 15-9 and now moves to the Senate floor.

“Today, the Banking Committee showed the American people that Washington can still work together. We had a serious debate, worked through real differences, and came together around a shared goal: protecting consumers, supporting innovation, and keeping the future of finance in America. This legislation brings digital assets into the sunlight with clear rules, stronger safeguards, and better tools to stop bad actors. For me, this is personal. My mother raised my brother and me with faith, grit, and determination, and she taught me that the American Dream should be within reach for every family, including single mothers working hard to build a better life for their children. Today is a historic day for this Committee and a major victory for the American people,” said Chairman Scott.