US Democrats Keep Pressing for Stronger Ethics Provisions in CLARITY Act as Gillibrand Urges Support
Summary
- Ahead of a procedural vote in the US Senate on the CLARITY Act, dissatisfaction is continuing among Democrats that the bill's ethics provisions are not strong enough.
- Democratic Senators Ruben Gallego and Angela Alsobrooks supported advancing the bill on the condition that ethics rules would be strengthened, but their current positions have not been confirmed.
- Democratic Senator Kirsten Gillibrand is urging colleagues to vote yes in the September 15 procedural vote to move the bill to the full Senate for debate, leaving the measure's fate dependent on securing enough Democratic support.
Forecast Trend Report by Period
As the US Senate nears a procedural vote on the CLARITY Act, dissatisfaction is persisting among Democratic senators who say the bill's public-official ethics provisions do not go far enough.
Eleanor Terrett, host of Crypto In America, reported on September 14 that a growing number of Democratic senators who had been open to supporting the CLARITY Act are dissatisfied with the current ethics language.
The positions of Democratic Senators Ruben Gallego and Angela Alsobrooks have yet to be confirmed. In May, the two joined Republicans on the Senate Banking Committee in voting to advance the bill on the condition that ethics rules would be strengthened before a floor vote.
By contrast, Democratic Senator Kirsten Gillibrand is urging colleagues to vote in favor of the procedural motion on September 15. The idea is to move the bill to the full Senate for debate first and continue negotiations afterward.
The fate of the CLARITY Act now hinges on how many Democratic votes supporters can secure.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.