Senate Banking chair says CLARITY Act is key to restoring U.S. global economic leadership
August 21, 2026, 6:49 AM
U.S. Senate Banking Committee Chairman Tim Scott said the core of the CLARITY Act is restoring U.S. leadership in the global economy. According to the committee’s official X account, Scott said the U.S. must lead innovation to remain the world’s most important force for good, and added that the country should attract the best entrepreneurs, thinkers and risk-takers so innovation happens in the U.S. rather than overseas.
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