Senator Tim Scott, now chairing the U.S. Senate Banking Committee, has outlined his legislative priorities for the 119th Congress, emphasizing the development of a regulatory framework for digital assets. This move comes as part of a broader shift towards a pro-crypto regulatory environment under President-elect Donald Trump. Scott's priorities include fostering an open trading environment and ensuring consumer protection, aiming to reverse what he describes as the restrictive policies of outgoing SEC Chair Gary Gensler. The establishment of a crypto-focused subcommittee, chaired by Senator Cynthia Lummis, further underscores the commitment to digital asset regulation. This legislative push aligns with Trump's plans for more flexible digital asset regulations, with key positions in Congress being filled by pro-crypto policymakers.