U.S. Senators Steal the Show At Bitcoin 2024
U.S. Republican Senators Cynthia Lummis and Tim Scott took the stage at the Bitcoin 2024 conference today and straight up blamed the current Senate Banking Committee’s leadership for blocking American innovation, especially regarding Bitcoin.
Tim Scott said:
“We have to get rid of the folks who are in the way.”
He was clearly pointing fingers at the Democratic majority, urging voters to kick them out in the November elections.
Pushing for crypto-friendly policies
Tim Scott is the top Republican on the Senate Banking Committee, and he is in line to be the next chairman if the Republicans take the Senate majority.
At the conference, Scott said the government should ‘make it easy’ for the crypto industry to innovate in America.
Senator Tim Scott. Credits: AP
He criticized the current committee chair, Sherrod Brown, a known crypto skeptic. If the Republicans win the Senate, Scott says could lead the committee overseeing U.S. financial regulation.
Alongside Cynthia Lummis, he called out SEC Chair Gary Gensler as a roadblock for crypto policies. Scott said:
“Chairman Gensler, lord have mercy. Hit the road, Jack, and don’t you come back, no more, no more, no more.”
Before this, Scott had stayed away from the crypto debate, even as Democrats like Eliz
