CLARITY Act rush could derail deal, Gallego says
Senator Ruben Gallego has cautioned against a rushed Senate vote on the CLARITY Act, arguing it could jeopardize ongoing bipartisan negotiations regarding U.S. crypto market structure. A procedural cloture vote is scheduled for September 15, though it would only initiate formal consideration rather than pass the bill.
Why it matters
The legislation is critical for establishing a regulatory framework for the U.S. cryptocurrency industry, and premature action could stall progress on broader market structure reforms.
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. 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.
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