Clarity Act Markup Nears as Tim Scott Sets Senate Session
Senator Tim Scott will address the Clarity Act markup timeline at the DC Blockchain Summit, as negotiations over stablecoin yields near a resolution.Summary
Senate Banking Committee Chair Tim Scott will open the DC Blockchain Summit with a session focused on the next steps for the Clarity Act. The Digital Asset Market Clarity Act, which passed the House in July 2025, has been stalled in the Senate due to disagreements regarding stablecoin yields. Banks are concerned that yield-bearing stablecoins could lead to deposit flight, while crypto firms argue that restricting rewards would drive issuers to other jurisdictions. Senators Tillis and Alsobrooks are working on a compromise that would allow transaction-based rewards but ban passive yields. Despite a missed White House deadline, negotiations are progressing, and Polymarket odds currently estimate a 60% chance of passage. However, Senate Majority Leader Thune has indicated no floor action before April, and analysts warn that the bill's chances of success will diminish significantly if it doesn't clear the committee by late April, potentially impacting the crypto market.
(Source：BeInCrypto)