Tillis Says CLARITY Act Committee Markup Nears as Final Talks Continue
Summary
- Senator Thom Tillis said he intends to push the CLARITY Act into committee review and will press to finalize a markup schedule.
- He said bank-industry opposition to stablecoin interest payments has largely eased, stakeholder consultations are in their final stages, and he plans to unveil specific amendments just before the review begins.
- He also backed Cynthia Lummis's proposal on software developer liability and law-enforcement issues, signaling a more industry-friendly revision, while regulatory clarity and passage through committee review remain the key variables.
Forecast Trend Report by Period
A market-structure bill for digital assets is making headway in Congress, with committee consideration coming into view.
Eleanor Terrett reported on April 29 that Senator Thom Tillis said he is ready to push the CLARITY Act into the committee review stage.
He told reporters he would press hard to lock in a markup schedule.
Bank-industry opposition to allowing stablecoins to pay interest, one of the main sticking points in the talks, has largely eased.
Tillis said consultations with stakeholders are in their final stages. He plans to release specific amendments just before the committee review begins.
He also backed Senator Cynthia Lummis's proposal on the scope of software developer liability and law-enforcement issues, signaling the bill is being adjusted in a more industry-friendly direction.
Markets are watching how the legislation could shape regulatory clarity. Whether the bill clears committee review and what its final provisions look like remain the key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
