US Senator Urges CLARITY Act Senate Markup Moved to May: Report
Cointelegraph
Senator Thom Tillis has requested that the Senate Banking Committee delay the CLARITY Act markup until May to resolve stablecoin yield disagreements.Summary
US Senator Thom Tillis has advised Senate Banking Chair Tim Scott to postpone the markup for the CLARITY Act until May. The delay aims to provide additional time for banking and crypto industry representatives to reconcile conflicting views regarding stablecoin yield provisions, specifically concerns that such yields could lead to deposit outflows from community banks. While some industry advocates like The Digital Chamber are pushing for immediate action, others are balancing the urgency of the legislation against the need to establish a rational regulatory framework before the upcoming US elections.
(Source：Cointelegraph)