Sen. Tim Scott says Clarity Act is 'in the red zone,' expects May markup and summer floor vote

Sen. Tim Scott told the program that the Clarity Act, a bill aimed at providing regulatory clarity for digital assets, is "in the red zone" and that he expects progress in the coming weeks.

Scott said that North Carolina Sen. Tom Tillis and other Republican colleagues are on board, and that he hopes to secure unified Republican support on committee votes to make a bipartisan markup possible in May. "Then we'll get this thing to the floor of the Senate June or July," he said.

Scott framed the legislation as beneficial to ordinary Americans and to commerce, saying clearer rules would lower costs and speed commerce so people "will be able to keep more of their money in their pocket." He described the potential outcome as making the United States "the crypto capital of the world."

The segment did not provide bill text, specific amendments expected in markup, or a precise timetable beyond the broad month targets; the host and Scott discussed the procedural hope of a May markup followed by a June/July floor calendar.