Republican Senator Tim Scott has announced his candidacy for the US presidency, joining other candidates including former President Donald Trump. Scott has expressed interest in developing a regulatory framework for digital assets that promotes innovation while protecting consumers. He is also pro-life, advocates for lower taxes, and opposes big government. As the ranking member of the Senate Banking Committee, Scott has been vocal about the need for bipartisan regulation of the digital assets industry. He is a member of the Financial Innovation Caucus, which focuses on issues related to blockchain, digital assets, artificial intelligence, and consumer protection.