Clarity Act Breakthrough: Senator Tillis Backs Markup and Says Stablecoin Disputes Are Resolved
The post Clarity Act Breakthrough: Senator Tillis Backs Markup and Says Stablecoin Disputes Are Resolved appeared first on Coinpedia Fintech News The Clarity Act just received its most important push forward in weeks. Senator Thom Tillis, the North Carolina Republican who had been one of the bills most vocal internal critics, told reporters on Capitol Hill Tuesday morning that he is ready to move the legislation to a formal committee markup. “I‘m going to ask the chair to move forward with scheduling a markup when we get back,” Tillis said. “I think we’ve made a lot of progress and its time to get it before the committee to move it forward.” The statement marks a turn from a senator who earlier this week had raised fresh concerns about the bills impact on software developers under a 1960-era criminal statute, adding to what had appeared to be a growing list of obstacles. Stablecoin Yield Dispute Largely Settled Tillis hinted that the stablecoin yield question, which has been the bills main point for months, has largely been worked through. Most bank concerns on the issue have been heard and addressed, he said, adding that remaining stakeholders are welcome to engage but must “come and work in good