Tim Scott talks crypto, tariffs and Capitol shake-up

First on the fox – In an exclusive interview with Fox News Digital, a member of the Republican Senate at South Carolina and former presidential candidate Tim Scott His views participated in the first hundred days as Chairman of the Senate Banking Committee, which resulted in a trade war with China, the future of cryptocurrency and controversial Debanking policies.

With Republicans carry power in both rooms of congress and President Donald Trump At the White House, party leaders and supporters across the country had great expectations for the Republican Party policy schedule and the ability to pass critical legislation quickly and effectively.

However, it was not an ideal start for the 119th conference. Republicans in the House of Representatives have a small majority of 7 seats, and the Republican Party’s veneration forced the internal discussions that led to the delay of major legislation, such as the “Great and Beautiful” tax law that was approved last Thursday. Only 216 to 214.

The Republican Party of the Senate on the “Big and Beautiful” budget agreement after that

On the side of the Senate, Republicans carry a majority of 8 seats on Democrats. With only 100 members in the upper room, the same principle of internal harmony should be present to legislate to move forward.

Despite the narrow margins, Scott says some of the policy goals set by the committee “managed to achieve it.”

“Within the first hundred days, I wanted some encryption legislation or digital assets that were marked through our committee,” Scott told Fox News Digital. “The good news is that the genius law is sealed. The Senate Hall was heading. The second number, the fixed act. Focus on Debanking. I went to the Senate Hall. Three, our ability to listen to President Trump, leader not only our party, but our country.”

Trump’s role in working with Congress leaders was presented for the first time Each member of the Council of Ministers This has reached the Senate so far for confirmation that has been approved at the fastest pace in more than 20 years.

“We were running these people through our committee,” said Scott. “It is a quick lightning approach, but the good news is President Trump and the American people deserves his team in place. The promises he made, our promises. We are on our way.”

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Tim Scott, Chairman of the Senate Banking Committee, described Tim Scott, a hundred days of Congress, a trade war with China and the timetable for the implementation of critical encryption policies. (Reuters)

Outside the candidates, many prominent issues have made their way through the banking committee per cent. One of the most important elements in banking services today is the implementation of the cryptocurrency in the American markets and daily life. It is worth noting that the genius law, a draft law “to provide the regulation of paid payments”, will be a great progress for the encryption markets, which indicates that the federal government takes the digital asset market very seriously.

But Scott blaming me Biden Administration Because there is no enthusiasm for profitable legislation, it took place in the law.

“There is no doubt that in the shadow of the Biden and Ginserner administration in the Supreme Education Council, they did not like … What I said often is simply this: we must devise before we organize. This means that allowing innovation to happen here at home in the area of ​​digital assets is very important to American economic dominance around the world,” he explained.

The genius law has moved through a committee in March and is now heading to the Senate Hall. Scott expected the schedule of the date of the draft signing of a law, and Fox told that he believed the legislation “will be approved by August.”

Trump’s President says we encrypted us that we are in the “Golden Age” of digital origins “,” cleansing the surface “of Biden’s barriers

The draft law made its way through the committee with 18-6 as Senator Mark Warner, De-Indiana, Andy Kim, De New Jersey, Robin Galgo, De Arizona, Lisa Blanc Rothschest, De Penzelvania, Angela Aleloxus, De Marlaland with a republic against the desires of the association Elizabeth Warren.

Current currency markets have been very volatile in the past weeks due to the continuous definition policies and commercial approvals. (Cyberguy “Knutsson)

But the encryption markets, along with American stocks, have been very volatile in the past weeks, due to Trump Controversial definition policies And commercial approvals.

When asked about the escalating pressure between the United States and China, Scott supported Trump’s strategy, and Fox News told, “This is related to a country, China, that lying, cheating, and theft. Not to monitor President Trump. He will eventually continue until we have an integral stage of steel, there is still just boxes, not to happen, is not the occurrence of any tool, which is not the occurrence of its occurrence It is a steel protection but the future of America. “

Here when American consumers feel 145 % Chinese definitions

Scott argued that the establishment of economic domination “requires difficult talks and a tariff system to push China to the smallest global economy if they would lie, cheat, and steal us.”

He added: “We will not give them full and unrestricted access to our market. This is called sound logic.”

President Donald Trump sits for an interview with Fox News. (Fox News/Hanity)

On Friday, China raised the customs tariff on US imports to 125 %, which Trump confirmed that a 145 % tariff will be placed on China’s imports.

As for the remainder of the conference 119 and heads to what will be a decisive elections in the middle of the period, Scott is still optimistic about the ongoing policies and legislation that has not yet come.

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The former presidential candidate added: “Praise be to God Almighty President Trump in the White House.”

Prestton Mizell is a writer for Fox News Digital that covers urgent news. Story tips can be sent to Prestton.mizell@fox.com and on xmizellpreston