Senator Kirsten Gillibrand said the Senate must address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act.
US Senator Kirsten Gillibrand said lawmakers must address ethics, consumer protection and illicit finance concerns before the Senate can vote on crypto market structure legislation.
Speaking at the Consensus conference in Miami on Wednesday, Gillibrand said she considered addressing consumer protection, illicit finance and ethics provisions essential before any potential vote on the CLARITY Act.
She said that if Congress were to consider those issues, as well as combine the draft of the market structure bill with the version already passed in the Senate Agriculture Committee and ensure ethics language, lawmakers could have a vote “before the August recess,” which begins Aug. 10.
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