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August 2, 2024

Dear Friend,

Welcome back to my Week in Review newsletter. Please remember to follow me on Facebook, Twitter, Instagram, LinkedIn, and YouTube for regular updates on how I am serving the people of South Carolina!

Over the weekend, I joined Senator Cynthia Lummis (R-Wyo.) for a panel discussion at the ‘Bitcoin 2024’ conference in Nashville, Tennessee. We talked about how democratizing our financial footprint through Bitcoin will help more people achieve their individual American Dream.

Sitting down with future state leaders is always a highlight of my week. I recently chatted with the South Carolina Delegates for Boys and Girls Nation and students from the Bank of America Student Leaders Summit. During our meetings, I shared with them that our mission is always greater than our position. These students have incredibly bright futures!

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“But if we wait expectantly for things we have never seen, then we hope with true perseverance and eager anticipation.” ~Romans 8:25

The Week in Review 

Leaning on Local Solutions

During this week’s hearing for the Senate Committee on Banking, Housing, and Urban Affairs, I emphasized the importance of pursuing local solutions to local problems that will promote targeted developments to improve infrastructure in both urban and rural communities.
 
The most effective thing that we can do is make sure that the resourcing goes without all the red tape and challenges that come from Washington, D.C. Getting that done seems to be too close to Peter walking on the water
 
Learn more about the hearing here!

A bit of ‘News You Can Use’:

If you are a business owner, run a private nonprofit organization, are a homeowner, or a renter in South Carolina and were impacted by straight-line winds, large hail, and heavy rain that occurred on June 10, you have until August 23rd to apply for physical damage disaster loans through the U.S. Small Business Administration (SBA).

WHERE: The declaration covers Berkeley County and the adjacent counties of Charleston, Clarendon, Dorchester, Georgetown, Orangeburg, and Williamsburg in South Carolina.

WHAT: Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. 

Click here to learn more: U.S. Small Business Administration

In the News

The Blaze: Sen. Tim Scott champions Bitcoin as an investment for low-income Americans
By Andrew Chapados
July 30, 2024

Sen. Tim Scott (R-S.C.) publicly declared his support for Bitcoin and cryptocurrency for the first time at the Bitcoin 2024 conference.

The comments from South Carolina Republicans are a huge boost to crypto investors, given that Scott is the ranking Republican member of the Senate Banking Committee, which has oversight over the Securities and Exchange Commission.

Scott spoke to Wyoming Republican Sen. Cynthia Lummis at the conference in a one-on-one chat, in which he expressed his desire for regulatory bodies to allow cryptocurrencies to remain innovative.

"We need to make sure that on our Committee, the Banking Committee, that we create the kind of rules of the road that are very wide. We need a wide pathway for Bitcoin to be successful here at home. We need to make sure that things like taxation and regulation do not stifle innovation," Scott said.

Read the full article here!

This Week on Social Media

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Sincerely,

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