CLARITY Act rush could derail deal, Gallego says

Sen. Ruben Gallego warned on August 19 that rushing the CLARITY Act toward a Senate vote could damage negotiations over the U.S. crypto market structure bill. Summary Senator Ruben Gallego warned a rushed CLARITY Act vote could weaken bipartisan Senate negotiations further. The Senate scheduled a procedural cloture vote for September 15, requiring 60 votes to advance. Gallego said the White House had not provided detailed feedback on bipartisan ethics language submitted. Lawmakers still face disputes involving stablecoin rewards, ethics provisions and Agriculture Committee jurisdiction before passage. Any Senate amendments would require additional House action before legislation could reach President Trump’s desk. Speaking at the SALT Wyoming Blockchain Symposium, the Arizona Democrat urged the crypto industry to support continued negotiations instead of demanding immediate floor action. “Don’t go for a fast vote,” Gallego said in recorded remarks. “A fast vote gets you a fast result, but I’m not sure it’s the result you want.” His warning comes before a scheduled September 15 cloture vote on the motion to proceed to H.R. 3633. The procedural vote would decide whether the Senate be...