CLARITY Act Delay: Senate Crypto Market Structure Bill Pushed to May
Senator Thom Tillis requested a delay in the CLARITY Act markup to allow for more negotiation between banks and crypto firms.
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Senate Push Might Delay CLARITY Act as Stablecoin Yield Debate Intensifies6 articles·6 sources·Avg cred 37/100
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tl;dr
Senator Thom Tillis has requested a delay for the CLARITY Act's markup until May due to disputes over stablecoin yields. The delay highlights the tension between traditional banking interests and the crypto industry over potential deposit competition.
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TTThom TillisR-North Carolina
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