ICYMI: CHAIRMAN SCOTT HIGHLIGHTS IMPORTANCE OF KEVIN WARSH LEADING FEDERAL RESERVE, MOMENTUM FOR CLARITY ACT ON FOX BUSINESS' MORNINGS WITH MARIA

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:

Today, Senate Banking Committee Chairman Tim Scott (R-S.C.) joined Fox Business' Mornings with Maria to highlight the importance of confirming Kevin Warsh as Chair of the Federal Reserve and ongoing efforts to advance digital asset market structure legislation. Chairman Scott emphasized that Warsh's leadership will help restore the Federal Reserve's independence and refocus the institution on its core mission of price stability and full employment. Chairman Scott also highlighted growing momentum behind the CLARITY Act, noting that the Senate Banking Committee is nearing consensus and working toward a bipartisan path forward to strengthen America's leadership in digital assets and improve the speed and affordability of financial transactions for everyday Americans.

Click here or on the image above to watch the full interview.

On the timeline for confirming Kevin Warsh as Federal Reserve Chair:

"We should certainly expect it [confirmation] within the first two weeks that we're back in May. That's great news for the American people."

On restoring the Federal Reserve's independence and focus:

"We're finally going to have a Fed that's independent, focusing more on interest rates than on politics and climate change."

On the Federal Reserve's core mandate:

"My hope is that Kevin Warsh will focus on interest rates, stable prices, and full employment. If he does that, we will have a Fed that we can have confidence in. The one thing President Trump is doing is restoring confidence in the hearts and the eyes of the American people."

On momentum behind the CLARITY Act:

"We're in the red zone...I just want to have thirteen of thirteen Republicans on board. That makes it easier for us to have a bipartisan markup in May is my hope and we'll get this thing to the floor of the Senate."

On advancing digital asset legislation to benefit everyday Americans:

"The average person in the country will be able to keep more of their money in their pocket because the speed of commerce will get faster, better, and even less expensive."

On strengthening U.S. leadership in digital assets:

"President Trump said it best, 'America will be the crypto capital of the world.'"