Senate Banking Chair Delays CLARITY Act Markup for Republican Support

Senate Banking Chair Tim Scott is delaying the markup of the CLARITY Act as he seeks unanimous support from all 13 Republican members before proceeding with a bipartisan markup in May. According to NS3.AI, a compromise between Senators Tillis and Alsobrooks has resolved the stablecoin yield dispute by permitting activity-based rewards while prohibiting passive yield on idle balances. Galaxy estimates the passage odds at approximately 50-50, warning that a delay beyond mid-May could significantly diminish the bill's chances of success.