todayonchain.com

U.S. senator holding cards on Clarity Act's next move says it's ready to get to hearing

CoinDesk
Senator Thom Tillis signaled that negotiations regarding stablecoin yield are sufficient to move the Digital Asset Market Clarity Act toward a committee markup.

Summary

Senator Thom Tillis, who had previously stalled the Digital Asset Market Clarity Act due to banking industry concerns over stablecoin yield, has indicated that negotiations are largely complete. Tillis is now urging the Senate Banking Committee chair to proceed with a markup hearing, potentially scheduled for mid-May. While the bill still faces challenges, including ethics requirements and potential jurisdictional disputes with the Senate Judiciary Committee, industry advocates view Tillis's shift as a critical step toward passing the legislation before the Senate's limited 2026 calendar expires.

(Source:CoinDesk)