PANews reported on May 7th that, according to The Block, New York State Senator Kirsten Gillibrand warned at the Consensus conference that a comprehensive cryptocurrency market structure bill would be impossible to reach without ethical provisions. She emphasized that members of Congress, senior executive officials, the president, or vice president should not be allowed to profit from these industries based on their insider status.

The handling of stablecoin rewards had been a major obstacle to the bill's progress. Gillibrand stated that senators from both parties have reached a compromise, paving the way for committee deliberations this month. However, ethics clauses have become a new hurdle. The Senate Agriculture Committee previously pushed forward its version without Democratic support, precisely because of Trump's crypto interests. Gillibrand is working with both parties and the White House to ensure the inclusion of ethics clauses, otherwise the bill will not move forward. She also stated that the bill will include provisions on consumer protection, illicit finance, and counter-terrorism financing, and it is possible that the bill will pass before the August recess.