Altcoins News
By Jean-Luc Maracon
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What the Ethics Revisions Actually Change. Gallego has been pretty direct about what he wants from the legislation.
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Senate Recess Deadline Squeezes the Timeline. Here's the crunch. The Senate is heading into a month-long recess, and the window to push this…
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What Comes Next for the CLARITY Act. The absence of immediate feedback from the senators' offices adds to the uncertainty.
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Senators Thom Tillis and Ruben Gallego sent revised ethics guidelines to the White House, a direct attempt to break a hard stall in the fight over the Digital Asset Market…
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The two senators — Tillis a Republican, Gallego a Democrat — put their names on proposed changes that zero in on one of the bill's most contested sections: who gets to enforce…
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Gallego has been pretty direct about what he wants from the legislation. He's pushed for stronger ethics rules, better consumer protection, and tighter market integrity provisions.
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And that matters a lot right now. Senate Democrats have been vocal about their hesitation with the CLARITY Act as written.
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The bill needs 60 votes to clear the Senate. Republicans hold a 52-47 majority. That math alone tells you Democrats aren't optional here — they're essential.
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Here's the crunch. The Senate is heading into a month-long recess, and the window to push this bill through before that break is narrow. Not impossible, but narrow.
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Neither Gallego's team nor Tillis's team gave further details on the specifics of the revised proposal after submitting it to the White House. That's a bit odd, honestly.
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See also: Tillis and Gallego Strike Crypto Ethics Deal With Senate Clock Running
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The bipartisan framing of the effort is notable. Tillis and Gallego working together on this is probably the best-case scenario for a bill that's been stuck in partisan mud.
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Crypto regulation has been one of the more genuinely bipartisan issues in Washington in recent years, with members from both parties acknowledging the industry isn't going away…
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The absence of immediate feedback from the senators' offices adds to the uncertainty. No details on what else might be in the revised package.
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Gallego's push to strengthen consumer protection and market integrity provisions suggests the ethics section probably isn't the only thing that got touched.
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