https://time.com/article/2026/05/11/thom-tillis-playbook-trump/
Senator Thom Tillis (R-N.C.) has introduced a final amendment to the Clarity Act, aimed at addressing concerns from the banking sector about the potential impact of stablecoin yields. The amendment comes as part of ongoing efforts to refine the language of the Clarity Act, which is under scrutiny for possibly allowing crypto firms to offer returns akin to traditional bank deposits. This legislative move seeks to close loopholes while maintaining a compromise that separates prohibited bank-like yields from permitted usage incentives. Tillis’s proposal is an attempt to balance these interests and could influence the Act’s legislative progress.
The Clarity Act, which has already passed the Senate Banking Committee, has been a focal point of debate due to its implications for the financial sector. With major banking groups expressing concerns over the Act’s current form, the proposed changes by Tillis might be a significant step in addressing these issues. Markets appear to interpret this development as indicative of continued legislative activity, which could potentially enhance the likelihood of the Clarity Act being signed into law.
