PiCK
US Senate’s CLARITY Act Faces April Delay, With Markup Potentially Slipping to May
Summary
- The timetable for the US digital-asset market structure bill, the CLARITY Act, may be delayed.
- Senator Thom Tillis asked that the bill not move forward in April, citing the lack of agreement on stablecoin interest payments, and indicated it could slip to May.
- The bill is viewed as key legislation shaping stablecoin regulation and the crypto market structure, and its timing could affect policy direction and market expectations.
Forecast Trend Report by Period
The Senate’s timetable for the CLARITY Act, a bill to establish a market structure for digital assets in the US, may be slipping.
Punchbowl News senior reporter Brendan Pedersen reported on April 21 that Republican Senator Thom Tillis asked Senator Tim Scott, chairman of the Senate Banking Committee, not to advance the digital-asset market structure bill in April.
Tillis cited the lack of agreement between banks and the crypto industry on stablecoin interest payments. He said negotiators need more time for additional talks and indicated the bill’s markup could slip to May.
The measure is viewed as a key piece of legislation for stablecoin regulation and the broader structure of the crypto market. As a result, the timing of its passage could influence policy direction and market expectations.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
