Gallego Warns: Rushing CLARITY Act Vote Could Lead to Legislative Setback

According to CoinTelegraph, Democratic Senator Ruben Gallego warned at the Wyoming SALT Blockchain Summit that rushing a Senate vote on the CLARITY Act before resolving disagreements among parties could potentially cause a setback in the U.S. crypto market structure legislation process. Gallego pointed out that the bill still needs to address certain provisions of the Agriculture Committee, build a broader legislative package, and determine how to submit it to the House for deliberation, while emphasizing that sufficiently strong ethics restriction clauses are a necessary prerequisite for securing Democratic support. He revealed that he and Republican Senator Thom Tillis have submitted compromise ethics language proposals to the White House multiple times, but have not yet received a line-by-line response.