Sen. Tim Scott, the chair of the Senate Banking Committee, told RCP’s Phil Wegmann that the president’s massive cryptocurrency gains this year are totally legal. “The president is working within the confines of the law… I’m going to leave that where it is,” Scott said during an interview that will be featured tonight on the RealClearPolitics podcast (on SiriusXM’s POTUS Channel 124 at 6:00 p.m. and RCP’s YouTube page at 7:00 p.m.)

PHIL WEGMANN, REALCLEARPOLITICS: You mentioned crypto, and I’ve got to ask you about President Trump, who’s made more than a billion dollars in the cryptocurrency space since returning to the White House, and also promoting crypto and the industry. Do you see any conflict of interest there? SENATOR TIM SCOTT: Well, I haven’t studied President Trump’s investment portfolio, so I’m not going to pretend to be someone who — PHIL WEGMANN: But certainly, as someone who is changing regulations and also profiting from that industry. Is there any smoke there? TIM SCOTT: Yeah- the way I would describe it is, the president is working within the confines of the law. Therefore, I’m going to leave that where it is. If all of us will live and work according to the law, harmonizing our approach to the legal apparatus that is there, you do what you want to do. That’s on him. And frankly, I think every piece of evidence I’ve seen, every piece of information I’ve read, suggests that he has done nothing wrong in his decision-making, nor has he conflated or brought the two together in an illegal way.

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