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Senate Banking Committee Chairman Tim Scott expressed his belief that 12 out of 18 Democrats will support the Digital Asset Market Clarity (CLARITY) Act during a significant crypto symposium in the U.S. on August 19.
A Dozen Democrats May Support CLARITY Act, According to Tim Scott
During his address at the SALT Wyoming Blockchain Symposium 2025 on Tuesday, Scott indicated that he anticipates a majority of Democrats will endorse the crucial crypto legislation.
Collaborating with President Trump, Chairman @SECPaulSAtkins, @DavidSacks47, and his congressional colleagues, Chairman @SenatorTimScott is dedicated to realizing their shared vision of establishing American leadership as the global crypto hub. pic.twitter.com/B6y7AU1LBk
— U.S. Senate Banking Committee GOP (@BankingGOP) August 19, 2025
“I believe that we’ll have at least 12 out of 18 Democrats at least willing to vote for market structure,” Scott stated.
“The opposition, let me be clear, such as Senator Elizabeth Warren, is obstructing Democrats who wish to engage, and it is a significant challenge to overcome,” he added.
Key Democrats Oppose Crypto Legislation
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In a recent discussion with Subcommittee on Digital Assets Chair Cynthia Lummis (R-Wyo.) and Executive Director of the President’s Council of Advisers on Digital Assets Bo Hines, Scott confirmed that he was “ensuring” the market structure legislation would be finalized by September 30.
At the same time, the GENIUS Act was officially signed into law last month during a White House ceremony, where U.S. President Donald Trump commended the pivotal stablecoin legislation.
“Let me emphasize, the entire crypto community, for years you faced ridicule and were dismissed and overlooked,” the president remarked. “You were disregarded as recently as a year and a half ago—but this signing represents a significant affirmation.”
However, prominent figures within the Democratic Party have resisted certain aspects of crypto legislation.
In July, Representative Maxine Waters (D-CA) initiated “Anti-Crypto Corruption Week,” during which she labeled both the CLARITY and GENIUS Act as “particularly hazardous.”
“The CLARITY and GENIUS bills present themselves as champions of innovation, but in reality, they merely replicate the same issues that contributed to previous financial crises: They advocate for minimal regulations, limited enforcement, inadequate consumer protections, and increased industry consolidation,” Waters stated.
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