U.S. Senator Tillis: Ready to Move the Clarity Act to Formal Consideration

Techub News reports that Crypto In America journalist Eleanor Terrett tweeted that U.S. Senator Thom Tillis has stated he is ready to push for the "Clarity Act" to enter the markup stage in the Senate Banking Committee and will request that the chair schedule time after senators return. Tillis said that most banks' concerns regarding stablecoin yields have been heard and addressed, and that other stakeholders may continue to "engage in good faith." In terms of timing, he hopes to release the legislative text on stablecoin yields 4 to 5 days before formal consideration for stakeholders to preview, and expressed general support for Senator Cynthia Lummis's design approach regarding the impact on software developers and law enforcement.