CoinTelegraph

Rushed Crypto Bill Vote Could Set US Legislation Back, Senator Warns

August 20, 202601:27 AM
Rushed Crypto Bill Vote Could Set US Legislation Back, Senator Warns

Democratic Senator Ruben Gallego has issued a critical warning about US crypto legislation, cautioning that rushing the CLARITY Act to a Senate vote before resolving disputes over ethics and stablecoin yield could significantly set back American crypto market structure legislation. As a September vote approaches, Gallego emphasized that the White House has yet to provide point-by-point feedback on a bipartisan ethics proposal.

Gallego's statement complicates the Trump administration's push for swift passage, suggesting a procedural vote could occur before negotiators have assembled the bipartisan coalition needed to reach the Senate's 60-vote threshold. The legislator encouraged the crypto industry to pressure both Senate Democrats and Republicans to continue negotiations rather than pushing for an immediate vote, while lawmakers still need to address the bill's Agriculture Committee portion, assemble the broader package, and determine how to send it to the House.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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