"Sen. Thom Tillis is working with Sen. Angela Alsobrooks to finalize language for the Digital Asset Market Clarity Act, a bipartisan bill aimed at establishing a regulatory framework for the crypto sector."
"The stablecoin yield dispute has stalled the bill in the Senate Banking Committee since January 2026, with banking groups arguing that allowing yield on stablecoins could lead to deposit flight from traditional savings accounts."
"The proposed Tillis-Alsobrooks framework bans passive stablecoin yield but permits activity-based rewards, attempting to bridge the gap between banks and crypto firms like Coinbase."
Sen. Thom Tillis is set to unveil revised draft language for the CLARITY Act, aiming to resolve ongoing disputes over stablecoin yield rules. The proposed framework, developed with Sen. Angela Alsobrooks, bans passive stablecoin yield while allowing activity-based rewards. This legislation has faced delays in the Senate Banking Committee since January 2026 due to disagreements over decentralized finance (DeFi) and ethics provisions. The stablecoin market, valued at approximately $321 billion, is at the center of this regulatory effort, with predictions indicating a 59% chance of the bill's passage in 2026.
Read at news.bitcoin.com
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