The Senate is bipartisan in favor of adjusting the GENIUS stablecoin yield rules, and the CLARITY bill is on the verge of being passed.

Sources indicate that senators from both parties are gradually accepting the demands of banking lobbying groups to adjust the stablecoin yield rules in the GENIUS Act. Possible adjustments include: adopting Senator Alsobrooks' proposal to limit yields to the transaction process (more supported by Democrats); or requiring only institutions holding OCC (Office of the Comptroller of the Currency) banking licenses to offer stablecoin yields, the latter considered more favorable to some crypto sectors but more controversial in the DeFi space. Furthermore, sources say Scott is expected to submit the House version of the CLARITY Act as a placeholder text tonight to initiate next week's review process; the official text must be submitted no later than midnight Monday. Industry insiders involved in communications with Senate staff stated that previous claims of "needing prayers to pass the bill" were more lighthearted jokes than a pessimistic assessment of the legislative prospects, and the final direction may gradually become clearer in the coming days.