Senator pushes Clarity Act forward as stablecoin yield fight nears markup
U.S. Senator Thom Tillis is trying to haul the long‑stalled CLARITY Act into a Senate Banking markup that would simultaneously settle Washingtons stablecoin‑yield fight and advance Cynthia Lummis‑backed protections for non‑custodial crypto developers.Senator Thom Tillis wants the Clarity Act moved into Senate Bankings markup stage after the May recess.Tillis says there is “significant consensus” on the bill and promises to release stablecoin yield text 4–5 days before a hearing.He also backs Senator Cynthia Lummis framework on limiting the use of 1960-era criminal laws against software developers. U.S. Senator Thom Tillis is pushing to move the long-debated CLARITY Act into the Senate Banking Committee‘s formal review process, setting up a decisive fight over how Washington will treat stablecoin yield and crypto developers. Crypto journalist Eleanor Terrett wrote on X that Tillis plans to “push the Clarity Act into the Senate Banking Committee’s markup stage as soon as possible,” adding that he told colleagues there is now “a significant consensus” on the path forward. Speaking in Congress, Tillis said he will ask the committee chair to schedule a hearing after the upcoming congressional recess and pledged to publish updated legislative text on stablecoin yield “four to five days” before that session so industry and