Clarity Act Markup Slips to May as Tillis Seeks More Time, But OCC Advances Stablecoin Rules
BeInCrypto
Senator Thom Tillis has delayed the Clarity Act markup to May, while the OCC proceeds with implementing stablecoin rules under the GENIUS Act.Summary
The Senate Banking Committee's markup for the Clarity Act has been postponed until at least May. Senator Thom Tillis, a key negotiator, requested the delay to allow more time for banking stakeholders to provide input following industry objections to stablecoin yield provisions. While some lawmakers and groups like The Digital Chamber urge immediate action, the Office of the Comptroller of the Currency (OCC) is concurrently advancing its own framework for stablecoins by implementing the GENIUS Act, with a public comment period ending on May 1.
(Source：BeInCrypto)