U.S. Senator Tim Scott confirmed in an interview shared by his office that the Clarity Act, a key federal proposal to define U.S. crypto market rules, will not advance in 2025. Scott accused Senate Democrats of delaying the process, saying the bill is being “held back for political reasons rather than regulatory concerns.”
The legislation would create a unified federal framework for digital assets, clarifying when a token is a security or a commodity and which agencies should supervise crypto activity. Industry groups such as the Blockchain Association argue that regulatory clarity is essential to keep crypto innovation in the U.S., noting that unclear rules have already pushed companies toward the U.K. and Singapore.
Scott said new hearings are expected in early 2026, and that the bill will remain a priority for the Senate Banking Committee.
Source: https://x.com/SenatorTimScott/status/1990871628058595515
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
