Will crypto get its long-awaited market structure bill? Tim Scott says vote could be close

Senator Tim Scott anticipates a tight vote on the new crypto market structure bill. He believes that division among Senate Democrats, especially resistance from Elizabeth Warren, could limit support, making it necessary for between 12 to 18 Democrats to back the proposal for it to succeed.

While the GENIUS Act achieved bipartisan support, Scott notes that this new legislation might not garner the same level of backing from Democrats. Critics, including Warren, raise concerns over the bill’s implications for financial regulations and the potential full legalization of the crypto sector.