U.S. Clarity Act Moves Towards Mid-May Vote, Potentially Resolving Concerns Over Stablecoin Yields

The Bill Reaches its Final Stages

On April 30, U.S. Senator Cynthia Lummis told FOX Business that the cryptocurrency market structure bill, known as the Clarity Act, is 'likely to face a committee vote by mid-May.' Senator Thom Tillis also acknowledged significant progress in negotiations, indicating that the process towards the enactment of the bill has entered its final phase.

Senator Tillis noted that the major obstacle that had impeded the advancement of the bill, concerns over the yields of stablecoins...