Headline: CLARITY Act markup pushed back — but lawmakers say there’s still time to negotiate stablecoin compromise
Congress returned from its Easter recess amid fresh optimism over negotiations to finalize the CLARITY Act. But attention quickly turned to a new wrinkle: the Senate Banking Committee’s markup appears to have been delayed into the final week of April or even mid‑May, after Chair Tim Scott’s published schedule omitted any markup date. That absence fueled social‑media speculation that the bill could stall or “die” if it doesn’t reach a vote by month‑end.
Industry and Hill sources, however, urge patience. Justin Slaughter, Paradigm’s vice president of regulatory affairs, pushed back on the idea of an immediate deadline, saying the real time crunch doesn’t begin until after Memorial Day. By his estimate, there remains a roughly six‑to‑seven‑week window for the bill to clear the Banking Committee and move to the Senate floor.
Reporting from Eleanor Terrett at Crypto In America portrays negotiators still putting finishing touches on the bill. She and cited sources say ethics rules and tokenization provisions are among the remaining points of discussion. By contrast, more contentious topics such as DeFi regulation and the thorny issue of stablecoin yield have reportedly been largely addressed — suggesting the current holdups may be technical or political fine‑tuning rather than the bill’s biggest fights.
Senator Thom Tillis said Monday he plans to release the text of a stablecoin yield compromise that banks and crypto firms reached sometime this week. Crypto In America noted that the timing of that release could shift depending on when the committee schedules its markup.
The delay echoes predictions from industry leaders. Ripple CEO Brad Garlinghouse told reporters, via Bitcoinist, that May will likely be the pivotal month for passage and argued the longstanding stablecoin yield dispute is nearing resolution. “When people are at their peak frustration, that’s when they finally compromise, and it gets done,” he said. “I think we’re there.”
White House crypto adviser Patrick Witt reportedly also signaled progress on other sticking points, saying negotiations have produced meaningful advances beyond stablecoin yield.
Bottom line: momentum appears to be building, but the CLARITY Act’s path will hinge on prompt delivery of the stablecoin yield language and both sides accepting the updated deal. If that text lands soon and the committee can schedule its markup, supporters say there’s still time for the bill to advance this spring. Sources: Crypto In America (Eleanor Terrett), statements from Tim Scott, Justin Slaughter (Paradigm), Sen. Thom Tillis, Brad Garlinghouse (reported by Bitcoinist), and Patrick Witt.
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