Democratic Senator Gallego Says Rushing Crypto CLARITY Act Vote Could Backfire

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Senator Ruben Gallego, an Arizona Democrat, warned that rushing a vote on the CLARITY Act, a market structure bill for digital assets, could set the legislation back.

Gallego made the remarks at the SALT Wyoming Blockchain Symposium in Wyoming on August 20, Cointelegraph reported. "A quick vote gets you a quick result, but I don't know if that's the result you want," he said. "Moving too fast is going to push this bill further back."

He said he is worried a procedural vote could happen before the Senate builds the bipartisan coalition needed to clear the 60-vote threshold. Several steps still remain, including addressing provisions under the Agriculture Committee's jurisdiction, assembling the broader legislative package and deciding how to send the measure to the House. He also urged the crypto industry to push for continued negotiations between Democrats and Republicans rather than an immediate vote.