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Senator Tillis Proposes Delaying CLARITY Act Consideration Until May

Tom Tillis has called for delaying consideration of the CLARITY Act until May to give banks and the crypto industry more time to resolve contentious issues. Senator Tom Tillis (R-NC) stated that the Senate Banking Committee is unlikely to consider the CLARITY Act in April. According to him, discussing the document would be better postponed until May. Hot topic: Bitcoin on April 21—Price Near $77K as Negative Funding Hits 46 Days News: Sen. Tillis (R-NC) told Senate Banking Committee Chair Tim Scott (R-SC) the panel should not plan to advance a major crypto bill in April. Negotiators need more time to finalize a bank-crypto compromise on stablecoin yield, Tillis said, pointing to a potential May markup pic.twitter.com/PIaAjPCb24 — Brendan Pedersen (@BrendanPedersen) April 20, 2026 The main reason for the delay is the lack of a final compromise between banks and crypto industry representatives over stablecoin yield. The Sticking Point The banking industry opposes allowing interest payments on idle stablecoin balances. They fear a mass exodus of deposits from traditional banks, especially small regional institutions. Crypto companies, in turn, view such restrictions as a threat to innovation and market development. Tillis, who is leading negotiations between the parties, emphasized the importance of thorough discussion. Read also: Bitcoin ETF Flows April 2026—Spot BTC ETFs Attract Nearly $1 Billion in a Week “For me, it is very important not to rush the process, to hear everyone out, and to give them a rational explanation of what we ultimately adopt,” Tillis said. Crypto Industry’s Position That same day, the Digital Chamber urged the Banking Committee leadership to bring the bill to a vote as soon as possible. The letter emphasized that more than 70 million Americans already use digital assets and have long awaited regulatory clarity. Today, we sent a letter to @BankingGOP leadership urging the Committee to move digital asset market structure legislation to markup and continue improving the bill in a transparent, deliberative, and bipartisan manner. Read our full letter: https://t.co/muPdJ8xq5m pic.twitter.com/ZHZX4PLA8e — The Digital Chamber (@DigitalChamber) April 20, 2026 Earlier in March, the parties were close to an agreement allowing yield tied to user activity but not to passive stablecoin holdings. However, a final consensus has yet to be reached. Read also:Best Crypto Cards 2026—Top Visa & Mastercard Crypto Cards Compared The post Senator Tillis Proposes Delaying CLARITY Act Consideration Until May appeared first on Bitcoin Foundation.