Banking pressure may delay the review of the <em>Clarity Act</em> to May

According to Crypto in America, due to sustained pressure from banking industry groups regarding provisions limiting stablecoin yields, the Senate Banking Committee’s markup session for the Clarity Act may be postponed from the end of April to the second week following the Senate’s return in May. Groups such as the North Carolina Bankers Association are urging member banks to voice their views to Senator Thom Tillis’s office. The report also notes that the crypto and banking industries have previously reached a compromise draft on certain provisions; however, clauses related to ethics and DeFi remain subject to further coordination.