Senator Thom Tillis is urging the Senate Banking Committee to schedule a markup for the Clarity Act on May 11, following the congressional recess. Tillis, previously a critic of the bill, now believes negotiations have progressed sufficiently to advance the legislation. His support marks a significant shift, particularly concerning stablecoin yield provisions and the treatment of software developers. Tillis acknowledged unresolved issues but emphasized that they should not impede the bill's progress. He noted that most banking concerns over stablecoin yields have been addressed, though some details remain under discussion. The legislative text will be shared with stakeholders before public release, allowing time for review before the hearing. With midterm elections nearing, the legislative window for passing comprehensive crypto legislation is tightening, making the May 11 markup a critical step forward.