Senator Ruben Gallego is warning against rushing the CLARITY Act through the Senate, arguing that key issues like ethics rules and stablecoin yield mechanisms must be resolved before voting. Despite White House pressure—including a direct push from President Trump—Gallego says Democratic support hinges on strong ethics provisions, which remain unresolved after his and Senator Tillis’s compromise proposal went unanswered or even backward. With the Senate delaying the vote until September, Gallego cautions that a premature vote could backfire, risking long-term progress on crypto regulation.
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