Senator Says CLARITY Act Ethics Talks With White House Still Unresolved

TLDR

• Senator Ruben Gallego warned that a rushed Senate vote on the CLARITY Act could set back crypto market structure legislation.
• He spoke at the SALT Wyoming Blockchain Symposium and urged lawmakers to keep negotiating instead of pushing for a quick vote.
• Gallego said the White House has not given a point-by-point response to a bipartisan ethics proposal he sent with Senator Thom Tillis.
• The Senate vote on the CLARITY Act has been pushed to September, according to Majority Leader John Thune.
• President Trump has publicly urged Congress to pass a fair version of the bill.

Senator Ruben Gallego says the crypto industry should be careful about pushing for a fast vote on the CLARITY Act. He made the comments at the SALT Wyoming Blockchain Symposium on Wednesday.

The CLARITY Act is a bill meant to set clear rules for digital assets in the United States. It would split oversight of the crypto market between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Gallego said lawmakers still have work left to do before the bill is ready. He pointed to the Agriculture Committee’s part of the bill, which still needs to be finished.

What Gallego Said About Timing

Gallego said a fast vote will get a fast result, but that result might not be the one people want. He said any early movement could set the bill back further instead of helping it move forward.

He also said Congress needs to figure out how the bill will move to the House once the Senate finishes its work. That step has not been settled yet.

Gallego encouraged the crypto industry to support more negotiation time rather than demand a quick vote. He said rushing could hurt the bill’s chances long term.

Ethics Proposal Still Waiting On A Response

Gallego said he and Republican Senator Thom Tillis sent compromise language on ethics rules to the White House before Congress left for recess. He said the goal was to build ethics protections strong enough to bring more Democrats on board.

He said the White House has not given a clear answer. According to Gallego, responses have come back blank, weaker than before, or not at all.

Cointelegraph reached out to the White House for comment. No response was received before publication.

Senate Majority Leader John Thune confirmed on August 7 that the chamber was delaying the vote. He said the CLARITY Act would be one of the first items taken up when the Senate returns from recess in September.

The delay comes as the Trump administration keeps pushing for the bill to move forward. On Wednesday, President Trump asked Congress to pass what he called a fair version of the CLARITY Act during an event with crypto executives at the White House.

White House crypto adviser Patrick Witt has said the administration plans to keep talking with Democrats before the September vote. Witt said the administration cannot wait forever for a deal.

Gallego’s comments show there are still gaps between lawmakers on ethics rules and other parts of the bill. Those gaps have not been closed as the September deadline gets closer.

The bill’s path through the Senate and then the House remains unclear. For now, both sides say talks are continuing, but no final agreement has been reached.

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