White House · Donald Trump · US Congress · CLARITY Act · US Senate · The Block
Congress can still ‘land this plane’ on crypto bill as ethics talks stall, says Democratic Sen
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Ruben Gallego, a key negotiator on the Clarity Act, says Congress can still "land this plane" as concerns grow over an unfinished ethics deal.
Key facts
- At the end of the day, 60 votes are still needed to advance the Clarity Act out of the Senate, Gallego said
- Ruben Gallego, a key negotiator on the Clarity Act, says Congress can still "land this plane" as concerns grow over an unfinished ethics deal
- The language says that the Department of Justice would enforce the provision, not state attorneys general and includes a sunset provision ending in January 2029
- On Wednesday in Wyoming at the annual SALT conference, Gallego pointed to multiple versions of an ethics provision had been sent to President Donald Trump to no avail
Summary
On Wednesday in Wyoming at the annual SALT conference, Gallego pointed to multiple versions of an ethics provision had been sent to President Donald Trump to no avail. "We've been sending offers over and over again to the White House, and they've been coming back either blank, or they've come back even slightly further back, or we've heard nothing," Gallego said. An ethics agreement has been viewed as the final sticking point in getting landmark crypto legislation called the Clarity Act passed into law. In July, Trump agreed to an ethics provision that would block a public official or employee, as well as their spouses, from issuing or sponsoring digital assets.