Key Takeaways:
Sen. Thom Tillis plans to release revised CLARITY Act draft language this week, targeting a Senate Banking Committee markup in late April 2026. The proposed Tillis-Alsobrooks framework bans passive stablecoin yield but permits activity-based rewards, splitting a dispute between banks and Coinbase. Prediction markets give the CLARITY Act a 59% chance of passage in 2026, down from 82% earlier this year, as unresolved DeFi and ethics provisions remain. Tillis Targets Late April Markup for CLARITY Act After Stablecoin Yield Deal in PrincipleTillis told Politico:
“I think the language has come together well. If things proceed the way they are now, we’ll probably release the text publicly later this week.”
The Senate returned from Easter recess on April 13. Senate Banking Committee Chairman Tim Scott (R-S.C.) is targeting a markup session for late April, though no date has been formally set.
