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Republicans on the Senate Banking Committee today released a discussion draft of legislation that would overhaul the shape of financial regulation for the crypto sector.

Tim Scott talks CFPB funding, noms, housing

Senate Banking Committee Chair Tim Scott (R-S.C.) voiced support for the emerging House Republican strategy to defund the Consumer Financial Protection Bureau via budget reconciliation.

Sitting down with reporters this morning, Scott discussed his agenda for the 119th Congress at length. The committee also announced its list of witnesses for an upcoming hearing on “debanking,” which will include the CEO of crypto-focused bank Anchorage Digital and the founder of Black Rifle Coffee Company.

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Punchbowl News Presents

We’re launching a weekly show on YouTube on September 5! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.