Sen. Thom Tillis (R-NC), a key player on the powerful Senate Banking Committee, indicated Wednesday that it may, finally, be time for a long-delayed vote on the Clarity Act—crypto legislation that would formally legalize large parts of the industry in the United States.
While Tillis did not say the Clarity Act’s stablecoin yield problem has been resolved, he implied today that the pressure of a scheduled markup could hopefully bring about such a resolution.
“Until you have a forcing mechanism of a markup, everybody that really doesn’t want it done [is] going to have one more thing that they want to talk about,” he said. “And I think it’s time to get it before the committee [and] move it forward.”
A spokesman for the senator told Decrypt that Tillis wants ethics language added to the bill “before a final floor vote,” not necessarily before a committee markup. The spokesman did not respond when asked whether such restrictions would need to apply to the president specifically.
One crypto policy leader told Decrypt they found Tillis’ recent engagement on the bill encouraging—but also said it “very well could be” that the bill ultimately dies in a fight over any of these three major, outstanding issues.
