Senator Ruben Gallego said that a rushed cloture vote on the CLARITY Act could undermine bipartisan negotiations on the broader U.S. crypto market structure bill. The Senate has scheduled a procedural cloture vote for September 15, which requires 60 votes to proceed. Gallego, speaking at the SALT Wyoming Blockchain Symposium, urged the industry to support continued talks rather than demand an immediate floor vote. He noted that the White House has not responded in detail to bipartisan ethics language submitted before the August recess.

The cloture vote will determine whether the Senate begins formal consideration of H.R. 3633. A successful vote would allow the Senate to debate the bill and consider amendments, while a failure could stall the process as the calendar narrows before the November midterm elections. Lawmakers continue to dispute ethics provisions, stablecoin reward structures, and the jurisdiction of the Agriculture Committee over the Commodity Futures Trading Commission. Gallego and Republican Senator Thom Tillis sent joint ethics language to the administration, but no point‑by‑point response has been provided.

Banks and crypto firms remain divided over whether platforms should offer rewards tied to stablecoin balances. Banks argue that such rewards could divert deposits from regulated lenders, while crypto companies say restrictions would limit consumer choice and protect banks from competition. In addition, the Senate Banking Committee advanced its version of the bill 15 to 9 in May, with Gallego and Senator Angela Alsobrooks joining Republican votes. Gallego said his support does not guarantee a vote for the final text without changes.

If cloture fails, Senate leaders may resume negotiations and attempt another procedural vote, though the limited timeframe could make further action difficult. If cloture succeeds, the Senate must reconcile any amendments with the House version, which passed 294 to 134 in July 2025, before sending the legislation to President Trump. The outcome of the September 15 vote will hinge on whether negotiators can resolve ethics and stablecoin issues before the procedural hurdle.