CLARITY Act Faces Crucial Week, Mid-May Emerges as New Focus

BroadChain has learned that at 21:00 on April 21, according to Bitcoinist, after months of delays, the U.S. Senate's deliberation on the "CLARITY Act" is approaching a decisive moment. This week will determine whether the bill can advance; otherwise, negotiation pressures may delay the key process until mid-May. According to Eleanor Terrett's report, if the Senate Banking Committee plans to vote during the week of April 27, it must formally issue a notice of bill amendments by this Friday, but the current timeline is under pressure. Traditional banking interests hope to influence the stablecoin revenue provisions, and with Senator Thom Tillis expressing willingness to hear related concerns, this could lead to the amendment session being postponed until the second week of May, after the Senate's recess. The report states that banking groups are dissatisfied with the scope of stablecoin revenue restrictions in the current bill and are specifically pressuring Tillis and other members of the Banking Committee. Although a compromise reached last month has largely satisfied the crypto industry, the bill's text has not yet been made public. In addition to the revenue provisions, the bill still has unresolved issues regarding ethical clauses and regulations involving decentralized finance (DeFi), which need to be addressed before being submitted for a full vote. Tillis mentioned there are "some outstanding issues" requiring further negotiation but expressed optimism about scheduling an amendment session in the coming weeks.