Democratic Senator Ruben Gallego has urged caution over accelerating the CLARITY Act to a Senate vote, citing unresolved disputes over ethics provisions and stablecoin yield mechanisms that could delay broader US crypto market legislation. The bill, which would establish a federal framework for digital assets, remains stalled as lawmakers negotiate its components.
The Senate Majority Leader, John Thune, confirmed on August 7 that the chamber would delay a vote on the CLARITY Act, with lawmakers set to return from recess in September. Thune stated the bill would be prioritised “first thing” upon their return, though no timeline for resolution has been confirmed.
Gallego, alongside Republican Senator Thom Tillis, submitted ethics-related language to the White House in an effort to align the bill with executive priorities. However, the administration has not provided a detailed response to the proposals, according to Gallego, who described the White House’s replies as “blank” or “slightly further back.”
The CLARITY Act seeks to divide oversight of digital assets between the SEC and CFTC, but its passage hinges on resolving disagreements over regulatory scope and industry safeguards. White House crypto adviser Patrick Witt said negotiations would continue until the September vote but warned against indefinite delays.
President Trump, during a White House appearance, called for Congress to pass a “fair version” of the legislation, though the administration’s position on key provisions remains unclear. Gallego reiterated that a hasty vote risked “a fast result, but not the result you want,” as lawmakers seek consensus ahead of the autumn session.
Written by Steven Cook
Regulation Desk
