Senate Crypto Bill Nears Crucial Vote With One Major Issue Unresolved

TLDR

• Sen. Ruben Gallego said Congress can still pass the Clarity Act despite unresolved ethics negotiations.
• The latest ethics proposal would allow state attorneys general to enforce restrictions on public officials issuing or sponsoring digital assets.
• The crypto bill still needs 60 Senate votes to advance, making bipartisan support essential.
• Lawmakers also remain divided over stablecoin yield rules and measures aimed at illicit crypto activity.
• Senate Majority Leader John Thune has scheduled an initial procedural vote on the Clarity Act for September 15.

Sen. Ruben Gallego said Congress can still pass the Clarity Act, but an unresolved ethics dispute remains the main barrier. The Democratic senator said lawmakers continue working on a deal as the crypto bill moves toward a key Senate vote in September. Talks now face a narrow window before lawmakers return to Washington.

Ethics Dispute Holds Up Crypto Bill

Speaking at the SALT conference in Wyoming on Wednesday, Gallego said lawmakers had sent several ethics proposals to President Donald Trump. He said the White House had returned some drafts without changes, rejected others, or offered no response.

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