Senate Banking Chair Scott Excludes Trump-Era Ethics Debate from Key Crypto Legislation

Senate Banking Committee Chairman Tim Scott (R-S.C.) has made a decisive move to keep a contentious ethics debate, linked to former President Donald Trump's administration, separate from his pivotal cryptocurrency bill. The proposed legislation, aimed at establishing a comprehensive regulatory framework for digital assets, will not address the "two-year cooling-off period" rule for ex-government officials. This rule, a point of political conflict, was highlighted by Democrats citing Trump's appointees. Scott emphasized that his crypto bill focuses solely on creating clear rules for the crypto industry, market structure, and consumer protection, arguing that unrelated political issues should not hinder its progress. This strategic separation is seen as an effort to advance the much-anticipated bipartisan crypto regulation in the U.S. Senate, potentially accelerating the path toward legal clarity for Bitcoin (BTC), Ethereum (ETH), and other digital currencies.