Senator Tim Scott (R-S.C.) photographed inside his office at the Senate Hart Building in Washington, D.C. (Marvin Joseph/The Washington Post via Getty Images)
On the Senate side, Republicans hold an 8-seat majority over Democrats. With just 100 members in the upper chamber, the same principle of internal harmony must exist for legislation to move forward.
Despite the narrow margins, Scott says some of the policy goals the committee has set they have "been able to accomplish."
"I wanted within the first hundred days to have some crypto or digital asset legislation marked up and run through our committee," Scott told Fox News Digital. "Good news is the GENIUS Act is stamped. Done. Heading to the Senate floor. Number two, the FIRM Act. Focusing on debanking. Done. Heading onto the Senate Floor. Number three, our ability to listen to President Trump, the leader of not only our party, but of our country."
Trump’s role in working with congressional leaders was first demonstrated as every cabinet member that reached the Senate so far for confirmation was approved at the fastest pace in more than 20 years.
"We've been running these folks through our committee," said Scott. "It is a lightning-fast approach, but the good news is President Trump and the American people deserve his team in place. Promises made, promises kept. We are well on our way."
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Cryptocurrency markets have been highly volatile in the past weeks largely due to ongoing tariffs policies and trade standoffs. (Kurt "CyberGuy" Knutsson)
But crypto markets, along with U.S. stocks, have been highly volatile in the past weeks, largely due to Trump’s controversial tariffs policies and trade standoffs.
When asked about the mounting pressure between the U.S. and China, Scott backed Trump’s strategy, telling Fox News Digital, "This is about a country, China, that lies, cheats, and steals. Not on the watch of President Trump. He is going to use every tool in his toolkit to make sure that the Chinese government does not continue to take advantage of the American economy. I am thankful that we finally have a president with a backbone made of steel to stand up to President Xi and protect not just America's present but America's future."
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Scott argued that establishing economic dominance "requires hard conversations and a tariff regime to push China into the smallest corner of the global economy if they're going to lie, cheat, and steal against us."
He added, "We are not going to give them full and unfettered access to our market. That's called common sense."
President Donald Trump sits for an interview with Fox News. (Fox News/Hannity)
On Friday, China raised tariffs on U.S. imports to 125%, which Trump has maintained that a 145% tariff will be placed on China’s imports.
As for the remainder of the 119th Congress and heading into what will be a critical midterm election year, Scott remains optimistic about the policies in progress and the legislation yet to come.
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"Thank God Almighty President Trump is in the White House," the former presidential candidate added.
Preston Mizell is a writer with Fox News Digital covering breaking news. Story tips can be sent to Preston.Mizell@fox.com and on X @MizellPreston
Preston Mizell is a writer with Fox News Digital covering breaking news.
https://www.foxnews.com/politics/sen-tim-scott-outlines-first-100-days-congress-crypto-tariffs