Democratic senator supports CLARITY Act in committee, but final vote undecided

Democratic Senator Ruben Gallego, who had previously been critical of the CLARITY Act, has stated his support for the bill during its markup session in the U.S. Senate Banking Committee, according to Eleanor Terrett, host of "Crypto in America." However, Terrett added that Gallego specified his approval at the committee level does not necessarily mean he will support it in a full floor vote. The 24 members of the Banking Committee, comprising 13 Republicans and 11 Democrats, are currently debating and voting on dozens of specific provisions within the bill. The final committee vote will determine whether to advance the legislation to the full Senate. If the committee passes the bill, it will then proceed to a jurisdictional coordination and integration process with the Senate Agriculture Committee before facing a vote on the Senate floor.