U.S. Senator: 《CLARITY Act》 under review, the stablecoin dispute in the banking industry is close to being resolved

According to CoinDesk, on April 30, U.S. Republican Senator Thom Tillis told reporters on Wednesday that the CLARITY Act is ready to be scheduled for a hearing in the Senate Banking Committee; CoinDesk also reported that before the midterm elections, there are only about 11 weeks left on the Senate’s agenda.

Tillis’s Position Statement and Negotiation Progress

According to CoinDesk, Tillis said the CLARITY Act has addressed the “many” concerns raised by banking industry lobbyists. The banking industry had previously continued to pressure, fearing that stablecoin yield could threaten the market for interest-bearing deposits; Tillis said he believes the banking industry has had enough time to express its stance on this issue.

According to CoinDesk, Tillis plans to publish a compromise text on stablecoin yield to stakeholders a few days before the hearing is held, and welcomes banking industry representatives to continue participating in negotiations on outstanding matters. He said, “If they truly come to work, maybe we can find some more people.”

According to CoinDesk, Cody Carbone, CEO of the cryptocurrency policy advocacy group “Chamber of Digital Commerce,” said: “The momentum to hold hearings in May is stronger than at any time before. We support getting the bill onto the committee agenda as soon as possible, and we hope it can make progress quickly.”

Outstanding Issues and Legislative Deadline Pressure

According to CoinDesk, after the hearing, the CLARITY Act still has the following unresolved issues:

Moral clause controversy: A clause pushed by Democrats, requiring a ban on government officials obtaining personal benefits from cryptocurrency-related business. According to CoinDesk, Tillis said he agrees that such moral requirements are necessary, but this issue will not be directly addressed in the committee’s work.

DeFi developer protection clause jurisdiction controversy: According to CoinDesk, Senate Judiciary Committee Chair Chuck Grassley asked that clauses involving legal protections for decentralized finance (DeFi) developers be included within his committee’s jurisdiction for consideration.

According to CoinDesk, after the CLARITY Act passes the Senate, it will be submitted to the House of Representatives, which passed its version in 2025; before the midterm elections, there are only about 11 weeks left on the Senate’s agenda.

Frequently Asked Questions

When will Tillis’s statement on the CLARITY Act be released? What exactly does it say?

According to CoinDesk’s April 30, 2026 report, Tillis told reporters on Wednesday that the CLARITY Act is ready to be scheduled for a hearing in the Senate Banking Committee, and said he would encourage the committee chair to move it forward; this claim was also confirmed by Fox Business.

What unresolved issues does the CLARITY Act still have?

According to CoinDesk, the unresolved issues include: the moral clause proposed by Democrats to prohibit government officials from profiting from cryptocurrency business, and the claim by Senator Chuck Grassley that the DeFi developer protection clause should be considered through the Judiciary Committee.

What limitations does the CLARITY Act’s legislative timeline in the Senate face?

According to CoinDesk, before the midterm elections, there are only about 11 weeks left on the Senate’s agenda; after the CLARITY Act passes the Senate, it still needs to be submitted to the House of Representatives, which passed its version in 2025.