Clarity Act gains momentum! Senator Thom Tillis announces plans to advance the Clarity Act for review, with stablecoin yield provisions set to be unveiled.

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US crypto legislation engine is firing up! Republican Senator Thom Tillis has confirmed that he will push the high-profile Clarity Act into the committee markup stage. He revealed that banking industry concerns regarding "stablecoin yield" have been addressed and expects the draft text to be released in the coming days. Meanwhile, regarding the controversy over legal exemptions for software developers, he explicitly expressed his support for Senator Cynthia Lummis's protective stance. (Context: Trump and Bessent join forces to pressure the Senate to "pass the Clarity Act," as the countdown to DeFi and stablecoin regulation begins.) (Background: Bessent writes to pressure Congress: The Clarity Act must be passed urgently for the US to lead global crypto rules.) The US Congress is preparing to take a decisive step toward a regulatory framework for cryptocurrencies. According to the latest news released today (29th) by renowned Fox Business journalist Eleanor Terrett, North Carolina Republican Senator Thom Tillis stated clearly in an interview on Capitol Hill that he is ready to push the Clarity Act into the committee's markup process: "I’m going to ask the chair to move forward with scheduling a markup when we get back… I think we’ve made a lot of progress… and it’s time to get it before the committee to move it…" 🚨NEW: @SenThomTillis (R-NC) says he’s ready to push the Clarity Act forward to a markup. “I’m going to ask the chair to move forward with scheduling a markup when we get back… I think we’ve made a lot of progress… and it’s time to get it before the committee to move it… — Eleanor Terrett (@EleanorTerrett) April 29, 2026 Stablecoin yield controversy resolved? Draft text to be released early In crypto legislation, the traditional banking industry has long maintained high vigilance over "stablecoin yield," fearing that interest-bearing stablecoins will drain significant bank deposits. On this point, Tillis released an extremely optimistic signal. Tillis pointed out that banking industry concerns regarding stablecoin yield have now been "mostly heard and addressed." He further called on other stakeholders to "work in good faith" if they still have concerns. To ensure transparency in the process, Tillis promised to move the timeline forward, expecting to release the specific legislative text on stablecoin yield 4 to 5 days before the markup meeting, allowing relevant industry players and the public to get an early look. Backing developers! Supporting Lummis's stance on protecting open-source code Beyond stablecoins, another major focus of the bill that has been highly controversial recently is the potential legal liability faced by software developers. This involves how US law enforcement agencies are forcing the application of traditional 1960s criminal statutes onto developers of decentralized open-source software (such as accusing developers of being accomplices in money laundering). Regarding this key issue that surfaced this week, Tillis gave an answer that has excited the crypto community. He stated that he "generally supports" the current stance of the bill on protecting software developers from improper criminal prosecution and explicitly expressed his support for the approach taken by Senator Cynthia Lummis (@SenLummis). This means that the act of writing open-source code is expected to gain clearer protection under freedom of speech and legal immunity in the future legislative framework.

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