The U.S. Senate Banking Committee is unlikely to review the CLARITY Act, a bill on cryptocurrency market regulation, in April. The discussion may be postponed to May, Senator Thom Tillis told a Punchbowl News journalist.
News: Sen. Tillis (R-NC) told Senate Banking Committee Chair Tim Scott (R-SC) the panel should not plan to advance a major crypto bill in April.
Negotiators need more time to finalize a bank-crypto compromise on stablecoin yield, Tillis said, pointing to a potential May markup pic.twitter.com/PIaAjPCb24
— Brendan Pedersen (@BrendanPedersen) April 20, 2026
The main obstacle remains the provision on rewards for holding stablecoins. Representatives of the banking sector fear that high returns from “stablecoins” could lead to a withdrawal of deposits from traditional institutions, potentially impacting the financial stability of smaller organizations.
According to Tillis, negotiators need more time to reach a compromise between banks and crypto companies.
The current version of the document proposes prohibiting interest on inactive stablecoin balances, while income from asset operations would remain permitted. Crypto companies oppose such restrictions, calling them a threat to innovation.
The bill aims to delineate the powers of the SEC and the CFTC, as well as to determine the status of digital assets as securities or commodities.
Digital Chamber head Cody Carbone sent a letter to the committee leadership, urging senators to expedite work on the rules to “provide legal clarity for 70 million American cryptocurrency holders.”
Today, we sent a letter to @BankingGOP leadership urging the Committee to move digital asset market structure legislation to markup and continue improving the bill in a transparent, deliberative, and bipartisan manner. Read our full letter: https://t.co/muPdJ8xq5m pic.twitter.com/ZHZX4PLA8e
— The Digital Chamber (@DigitalChamber) April 20, 2026
Back in February, journalists learned of ongoing disagreements regarding the CLARITY Act.