One of Crypto’s Favorite US Senators Drops Swan-Song Bill On Eve of Retirement

The latest bill may have packed more of a punch if Toomey’s Republicans had seized the Senate majority in November’s election. But his party remains in the minority, and Sen. Tim Scott (R-S.C.) is set to replace him as ranking member of the Senate Banking Committee. This swap may leave a vacuum for cryptocurrency advocacy in the Senate, because Toomey was a staunch supporter of crypto innovation, and Scott’s views remain murky.