Odaily Odaily News: Republican Senator Tim Scott, the newly elected chairman of the U.S. Senate Banking Committee, announced that developing a regulatory framework for digital assets will be one of the top priorities of the 119th Congress. In a notice on January 15, Tim Scott said that the Banking Committee intends to focus on financial inclusion policies that "create opportunities for the United States." The committee's priorities include affordable housing, economic national security, regulation, and digital assets. He said: "Under the leadership of current Chairman Gensler, the SEC refused to provide clear information to the cryptocurrency industry, which forced projects to turn overseas. Looking ahead, the committee will work to establish a regulatory framework to establish a tailored path for the trading and custody of digital assets."