Rushed CLARITY Act vote could set legislation back, Gallego warns
Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches.
Democratic Senator Ruben Gallego warned that rushing the CLARITY Act to a Senate vote before lawmakers resolve disputes over ethics and stablecoin yield could set United States crypto market structure legislation back.
Speaking at the SALT Wyoming Blockchain Symposium on Wednesday, Gallego said the crypto industry should encourage Senate Democrats and Republicans to continue negotiating instead of pushing for an immediate vote. He said lawmakers still had to address the bill’s Agriculture Committee portion, assemble the broader package and determine how to send it to the House.
The warning complicates the Trump administration’s push for swift passage by suggesting that a procedural vote could arrive before negotiators have assembled the bipartisan coalition needed to reach the Senate’s 60-vote threshold.