US Senator Pushes Clarity Bill into Committee Review Process, Stablecoin Yield Provisions May Be Clarified

Odaily reported that crypto journalist Eleanor Terrett stated on platform X that US Senator Thom Tillis plans to push the Clarity Bill into the markup phase of the Senate Banking Committee as soon as possible, noting that legislative progress has "achieved significant consensus" and should now enter the formal advancement process. Thom Tillis stated in Congress that he will ask the committee chairman to schedule a review meeting after the congressional recess, and expects to release legislative text on stablecoin yield provisions 4 to 5 days before the markup, allowing the industry and relevant parties to review it in advance. He added that most of the banking industry's concerns regarding risks associated with stablecoin yields have been addressed in discussions, and encourages institutions with remaining objections to "participate in good faith to improve the legislation."

Furthermore, Thom Tillis mentioned that regarding issues such as the potential impact of applying 1960s-era criminal provisions to software developers and law enforcement, he generally supports the legislative framework direction proposed by Senator Cynthia Lummis. This statement indicates that US crypto regulatory legislation is accelerating into a substantive advancement phase concerning stablecoins and the definition of developer responsibilities.