Gallego Warns Rushed CLARITY Act Vote Could Derail US Crypto Legislation

Sen. Ruben Gallego has expressed concerns that rushing the CLARITY Act through the Senate could hinder its passage, rather than accelerate it.

Gallego made these comments during a speech at the SALT Wyoming Blockchain Symposium on Wednesday.

The senator stated that Congress still needs to complete several procedural steps before the bill can move forward.

These steps include resolving ethics and stablecoin-yield issues, which Gallego emphasized are crucial for building a bipartisan coalition in support of the bill.