Tillis Pushes CLARITY Act Toward Committee Review as Talks Near End
Summary
- Senator Thom Tillis said he is ready to push the CLARITY Act into the committee review stage.
- He said bank-industry opposition to stablecoin interest payments has eased considerably and that stakeholder talks are in their final stage.
- Markets are focused on how the bill could improve regulatory clarity, with committee approval and the final provisions seen as the key variables.
Forecast Trend Report by Period
The CLARITY Act, a U.S. crypto market-structure bill, is gaining momentum in Congress as it moves closer to a committee review.
Eleanor Terrett reported on April 29 that Senator Thom Tillis is prepared to push the CLARITY Act into the committee review stage.
He told reporters he plans to press for a markup schedule to be finalized.
Bank-industry opposition to stablecoin interest payments, one of the bill’s main sticking points, has eased considerably.
Tillis added that talks with stakeholders are in their final stage and that he plans to release detailed revisions 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, suggesting the bill is being shaped in a more industry-friendly direction.
Markets are watching the measure’s potential impact on regulatory clarity. Whether it 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.
