UPDATE1d ago
Clarity Act Momentum At Risk As Stablecoin Yield Text Faces Delay Over Markup Strategy
The much-anticipated stablecoin yield compromise text might not drop this week.
A spokesperson for Senator Thom Tillis confirmed that "the text is no longer expected to be released publicly this week," according to reporter Eleanor Terrett (@EleanorTerrett).
Senate insiders are wary. Releasing the stablecoin yield text before a markup could hand opponents a tactical opening.
The markup is now expected in the second half of April. This delay has knock-on implications for broader crypto legislation, including the CLARITY Act. Every week of delay gives critics more time to organise.
Talks between crypto and banking groups are still ongoing.
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