Why did Senator Ruben Gallego criticise the Republican proposal?

Senator Ruben Gallego said the Republican counterproposal to the CLARITY Act was not a serious negotiating effort.

What is the CLARITY Act?

The CLARITY Act is proposed US legislation designed to create clearer rules for digital assets.

Supporters say the CLARITY Act could provide clearer rules for cryptocurrency companies and investors.

Congress is expected to continue negotiations as lawmakers work towards a final version of the legislation.

Image for illustrative purposes only. Not a real photo.

Lawmakers are debating how cryptocurrencies should be regulated and which agencies should oversee the market.

Written by Brie CarterPublished Jul 24, 2026, 6:24 AM

US Senator Ruben Gallego said a Republican counterproposal to the CLARITY Act is not a serious negotiating effort.
The comments highlight ongoing disagreements over US cryptocurrency regulation.
Lawmakers continue to debate how digital assets should be regulated.

US Senator Ruben Gallego criticised a Republican counterproposal to the CLARITY Act, calling it "not a serious effort."

The comments came as lawmakers continued negotiations over legislation for the cryptocurrency industry.

Gallego said both parties should work towards legislation that can gain broad support in Congress.

The debate focuses on how cryptocurrencies should be regulated and which agencies should oversee the industry.

The CLARITY Act aims to establish clearer rules for digital assets in the United States.

Lawmakers have continued negotiations as the crypto industry pushes for greater regulatory certainty.