Stablecoin Yield Compromise Clears Path for CLARITY Act Markup
Senators Thom Tillis and Angela Alsobrooks released a stablecoin-yield compromise that could clear the way for a markup of the long-stalled CLARITY Act, a digital-asset market-structure bill. The compromise addresses how companies can offer customers yield and rewards on stablecoin holdings.
Senator Tim Scott said lawmakers are nearing consensus and are targeting a bipartisan markup in May. A provision on software developers under Section 1960 is still awaiting sign-off from Senator Chuck Grassley as the bill goes through final touch-ups, and Scott has said a floor vote could come in June or July, putting the measure on track to reach Trump's desk this summer.
From the sources (6 posts)
@cryptorover💥 BIG NEWS: The CLARITY ACT is facing a critical deadline. FOX NEWS says that the CLARITY ACT could potentially unlock massive institutional capital flows into crypto. It's time to pass it now!
@coinmarketcapLATEST: 🇺🇸 Senators Thom Tillis and Angela Alsobrooks have released a stablecoin yield compromise, potentially clearing the way for a long-stalled CLARITY Act markup.
@cryptoroverMASSIVE: 🇺🇸 President Trump says he will sign the CLARITY Act “IMMEDIATELY” once it hits his desk.
@kalshi_cryptoJUST IN: Senator Tim Scott says Congress is making real progress on a crypto market structure bill 65% chance it passes this year
@eleanorterrett🚨🗞️NEW: Stablecoin Yield Deal Clears Path for Clarity Act Markup — What’s Next? A key provision on software developers under Section 1960 is awaiting sign-off from Sen. @ChuckGrassley as the Clarity Act heads into final touch ups before ma
@cointelegraph🇺🇸 BULLISH: Sen. Tim Scott says lawmakers are nearing consensus on digital asset market structure, with a bipartisan markup targeted for May. "We are making real progress."