While Scott expects strong Democratic support for the CLARITY bill, the opposition from figures like Warren and Waters highlights deep divisions within the party. This conflict lays the groundwork for a fierce struggle over the future of cryptocurrency regulation in the U.S.

Senate Banking Committee Chair Tim Scott said he believes that among the 18 Democrats, 12 will support the CLARITY bill at the large cryptocurrency seminar taking place in the U.S. on August 19.

Tim Scott stated that a dozen Democrats might support the CLARITY bill

Scott revealed on Tuesday during the 2025 SALT Wyoming Blockchain Summit that he expects most Democrats to vote in favor of key cryptocurrency legislation.

“I believe we will have at least 12 Democrats open to voting on market structure,” Scott said.

“The forces against it, let me be clear, are like Senator Elizabeth Warren, which hindered the Democrats' desire to participate; this is a real force that needs to be overcome,” he added.

Major Democrats oppose cryptocurrency legislation

In a recent fireside chat with Digital Assets Subcommittee Chair Cynthia Lummis (R-WY) and Executive Director of the President's Digital Asset Advisory Committee Bo Hines, Scott announced he is 'ensuring' that market structure legislation will be completed by September 30.

Meanwhile, at last month's signing ceremony at the White House, President Donald Trump praised the landmark stablecoin legislation with the passage of the GENIUS bill.

“Let me say, the entire crypto community, you have been ridiculed, dismissed, and excluded for years,” the President said. “Just a year and a half ago, you were still excluded—but this signing is a huge validation.”

However, major Democratic players oppose certain cryptocurrency legislation.

In July, Congresswoman Maxine Waters (D-CA) launched 'Anti-Cryptocurrency Corruption Week', calling the CLARITY and GENIUS bills 'particularly dangerous.'

Waters said, “The CLARITY and GENIUS bills wrap themselves in the flag of innovation, but what they really do is replicate the chaos that led to past financial crises: they call for minimal regulation, minimal enforcement, weak consumer protection, and more industry consolidation.”