New Developments in the Bullish Crypto Bill, the Clarity Act—What’s the Latest? Is the Bill Coming?
Tillis said he did not expect April progress and argued that negotiators should take time to hear from stakeholders.
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Tillis said he did not expect April progress and argued that negotiators should take time to hear from stakeholders.
The Senate Banking Committee’s expected markup of the CLARITY Act appears likely to slip from April into May, with the week of May 11 identified as the earliest possible window. Thom Tillis urged more time while Cynthia Lummis opposed further delay amid disputes over stablecoin yields and calls from crypto-industry groups to move ahead.
Senator involved in negotiations who favors allowing more time before the markup.
Federal Reserve chair nominee whose Senate hearing is mentioned as preceding the committee’s expected focus on the bill.
Senator opposing further delays to the bill’s progress.
Tillis asked the Senate Banking Committee to move the CLARITY Act markup to May, giving bank and crypto negotiators more time to address disputes over stablecoin yields. Center outlets present the request as time to seek a compromise, including concerns from both the banking and crypto sectors.
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