Senator Tillis Pushes for Clarity Act Progress Amid Banking Concerns

Senator Thom Tillis has announced that progress on the Clarity Act has alleviated several banking-related issues. According to NS3.AI, Tillis plans to encourage the Senate Banking Committee chair to advance the bill to markup. This step could pave the way for a hearing in mid-May, a necessary hurdle before the legislation can proceed to a full Senate vote. Stablecoin rewards continue to be a key point of negotiation, and any further delays could jeopardize the bill's progression through the remaining Senate schedule.