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Gallego warns rushing CLARITY Act could set back crypto legislation

Rushing CLARITY Act vote could delay US crypto legislation

  • Senator Ruben Gallego warns that rushing the CLARITY Act to a vote before resolving ethics disputes could set back US crypto legislation.
  • Gallego says a “fast vote” may not produce the desired result, urging continued negotiations between Democrats and Republicans.
  • The senator and Republican Thom Tillis submitted compromise ethics language to the White House but have not received a response.

Democratic Senator Ruben Gallego warned that rushing the CLARITY Act to a Senate vote before resolving disputes over ethics and stablecoin yield could delay United States crypto market structure legislation. Speaking at the SALT Wyoming Blockchain Symposium, Gallego said the industry should encourage continued negotiations rather than an immediate vote.

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“Don’t go for a fast vote,” Gallego stated

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