Tim Scott on crypto legislation: "This bill must go forward because it's good news for the American people, especially the ones living in poverty."

Tim Scott’s claim that crypto legislation like the GENIUS Act will lift the poor is delusional. Stablecoins might cut fees, but the idea that impoverished Americans are banking on crypto over groceries is laughably out-of-touch. It’s a Wall Street win, not a lifeline for the struggling

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What he’s really saying: “Let’s hand Wall Street, VC bros, and shadow billionaires another legalized playpen — and let poor people ‘participate’ by gambling what little they have on coins with dog logos.” If poverty could be solved by speculating on volatile Ponzi tokens, Wall Street would’ve ended homelessness by now.

I didn’t listen to the clip, but if this guy just said people living in poverty should buy crypto then he shouldn’t have a job

Interesting to drop poverty into the conversation??

When politicians invoke the poor, it usually means someone else is about to get rich. Crypto desperately needs regulatory clarity, but spare us the savior speeches. The people who can’t afford their groceries aren’t likely to be investing in Bitcoin as a result of this bill.

Real policies that empower, not handouts.

Tim Scott knows the score crypto done right lifts everyone up, especially those who need it most.

Tim Scott’s right—crypto legislation is critical for economic empowerment, but Biden’s veto of SAB 121 reversal proved Democrats prioritize bureaucratic control over innovation. The FIT21 Act’s bipartisan House passage shows momentum, yet Senate delays under Biden’s regulators like Gensler stifle progress. Trump’s U.S. Crypto Reserve executive order already laid the groundwork for dominance—no more letting China set standards while D.C. ties our hands. Scott and Lummis pushing GOP leadership post-election is smart, but real change requires dismantling the SEC’s chokehold on blockchain growth. Biden’s legacy? Killing jobs, outsourcing tech, and surrendering financial sovereignty. November’s sweep can’t come soon enough.

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