The Senate Banking Committee's review of the Clarity Act has been postponed to the second week of May due to ongoing pressure from banking groups. These groups, including the North Carolina Bankers Association, are lobbying against provisions that limit stablecoin yields. They are encouraging member banks to express their concerns to Senator Thom Tillis.
Despite a prior compromise between the crypto and banking sectors on certain provisions, ethical and DeFi-related clauses remain unresolved. The delay allows more time for alignment on these outstanding issues before the Senate reconvenes.
Senate Clarity Act Review Postponed to May Amid Banking Concerns
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