Rushed CLARITY Act vote could set legislation back, Gallego warns

Rushed CLARITY Act vote could set legislation back, Gallego warns img1
Spread the love

Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

Rushed CLARITY Act vote could set legislation back, Gallego warns

Latest NewsPublishedAug 20, 2026

Gallego stated 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 stated the crypto industry should encourage Senate Democrats and Republicans to continue negotiating instead of pushing for an immediate vote. He stated 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. 

“Don’t go for a fast vote,” Gallego stated. “A fast vote gets you a fast result, but I’m not sure it’s the result you want.” He added that Congress still had a lot of steps to complete and that “any premature movement is going to set it back further.”

Gallego says White House has not answered ethics proposal 

Gallego stated he and Republican Senator Thom Tillis submitted compromise ethics language to the White House before the congressional recess but had not received a point-by-point response. He stated that sufficiently strong ethics restrictions were necessary to attract Democratic support and advance the bill. 

“We’ve been sending offers over and over again to the White House, and they’ve been coming back either blank, or they’ve come back even slightly further back, or we’ve heard nothing,” Gallego stated. 

Cointelegraph reached out to the White House for comment but did not receive a response before publication. 

Related: CLARITY Act delay gives Asian financial hubs an opening: First Digital CEO

The remarks follow renewed pressure from the administration. On Wednesday, Trump urged Congress to pass a “fair version” of the CLARITY Act during a White House appearance with crypto executives. 

Senate leaders have delayed action until September. On Aug. 7, Senate Majority Leader John Thune verified to Cointelegraph that the chamber was “punting” the vote and stated CLARITY would be queued up “first thing” after lawmakers returned from recess.

White House crypto adviser Patrick Witt previously stated the administration would negotiate with Democrats until the September vote but “can’t afford to wait forever.”

Magazine: ‘Fabricated rumors’ about BitMart founder, Binance bStocks dominate: Asia Express

1 minute letter

1 minute letter

Subscribe to daily byte-sized crypto news from Cointelegraph

Subscribe

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

  • Law
  • United States
  • Donald Trump
  • Policy
  • Wyoming
  • Regulation

More on the subject

Trump pushes for CLARITY Act passage alongside crypto leaders



8 hours ago

Turner Wright

Crypto PAC notches primary wins, but loses $2M Florida race



10 hours ago

Turner Wright

OCC head promises final GENIUS rules by November



11 hours ago

Turner Wright

Trump pushes for CLARITY Act passage alongside crypto leaders



8 hours ago

Turner Wright

Crypto PAC notches primary wins, but loses $2M Florida race



10 hours ago

Turner Wright

OCC head promises final GENIUS rules by November



11 hours ago

Turner Wright


💡 A Greener Way to Earn: Looking for a smarter, more sustainable way to earn and mining crypto? EcoPool Network is a cloud-based mining pool that does the heavy lifting on remote servers — so you earn rewards around the clock without worrying about overheating hardware or sky-high electricity bills. It’s lightweight, battery-friendly, and built for everyday users. Download EcoPool now and start mining & earning smarter today.

Spread the love

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these