- Senate delays CLARITY Act as lawmakers continue negotiating stablecoin yield provisions and unresolved policy details.
- Markup timing remains uncertain, with hearings and schedule conflicts pushing progress toward late April or May.
- Warsh disclosure and broader regulatory moves add complexity to ongoing crypto policy and oversight discussions.
Lawmakers delayed progress on the CLARITY Act as Senate negotiations continue, with Senator Thom Tillis confirming ongoing discussions on stablecoin provisions. Speaking on Capitol Hill, Tillis said timing for releasing key text remains uncertain. The delay comes ahead of Kevin Warsh’s nomination hearing, which may push the markup timeline into late April or early May.
Stablecoin Text Faces Final Negotiation Hurdles
According to Eleanor Terrett, Tillis said lawmakers are still “going back and forth” with stakeholders on stablecoin yield language. He noted that unresolved issues may require further negotiation before public release. However, he added he remains “guardedly optimistic” about scheduling a markup soon.
Tillis also proposed a “crypto palooza” format to resolve remaining disputes. This approach would bring in experts from banks and crypto firms. Senators would then evaluate competing views directly during hearings.
Markup Timeline Shifts amid Packed Schedule
However, the Senate Banking Committee’s latest schedule did not include a CLARITY Act markup. Committee Chair Tim Scott released the agenda without mentioning the bill. This omission raised concerns online about potential delays.
Still, according to Justin Slaughter of Paradigm, the timeline remains flexible. He said the real legislative pressure begins after Memorial Day. As a result, lawmakers still have several weeks to move the bill through committee and onto the Senate floor.
Meanwhile, staff continue refining key sections of the legislation. Sources said ethics and tokenization provisions remain under discussion. Notably, earlier debates around DeFi and stablecoin yield appear closer to resolution.
**Warsh Disclosure Adds New Dimension **
Meanwhile, Kevin Warsh’s financial disclosure has drawn attention ahead of his hearing. The former Federal Reserve governor holds over $100 million in assets. His portfolio includes early-stage investments in crypto-related firms.
According to reports, those holdings include Compound, dYdX, Solana, Optimism, and Blast. These positions appear indirect and generated no reportable income. Still, they may raise questions about potential conflicts during his confirmation process.
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