CLARITY Act: Senator Tillis Urges Banking Committee to Delay Crypto Bill Markup to May
Tillis called for more time to negotiate a stablecoin-yield compromise before the committee marks up the CLARITY Act.
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Tillis called for more time to negotiate a stablecoin-yield compromise before the committee marks up the CLARITY Act.
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Sen. Thom Tillis urged the Senate Banking Committee to postpone a markup of the CLARITY Act until May, saying bank and crypto negotiators need more time on stablecoin yields. Treasury Secretary Scott Bessent urged Congress to pass the bill as its prospects remained uncertain.
Senator urging the Senate Banking Committee to delay its CLARITY Act markup
President who may sign the CLARITY Act if it passes
Federal Reserve chair nominee whose nomination hearing is cited as a possible factor in delaying the markup
Treasury secretary urging Congress to pass the CLARITY Act
Senate Banking Committee chair whom Tillis asked to delay the markup
Outlets report that Sen. Thomas Tillis sought to delay the CLARITY Act markup or consideration until May amid disputes over stablecoin yields between banks and crypto firms. Center outlets present the requested delay as time to resolve that dispute. The unrated articles mostly share this focus, while some stress risks to the bill and one cites additional factors behind the timing.
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