Senator Thom Tillis, a key member of the Senate Banking Committee, has signaled his readiness to vote to advance the CLARITY Act out of the committee.
The senator said he will push for the crypto bill’s markup once they return from their May recess, as they have largely addressed banks’ concerns over the stablecoin yield text in the bill.
He said that other stakeholders are welcome to “come and work in good faith.” The senator also mentioned that he hopes to release the stablecoin yield text four to five days before the CLARITY Act, just after stakeholders get a preview of the text.
With Tillis’ vote, the Senate Banking Committee should be able to advance the CLARITY Act along party lines even if all Democrats on the committee vote against the crypto bill.
The CLARITY Act is currently facing an August deadline, when the Senate will head for a five-week recess ahead of the midterm elections.
Source: X.com
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