The CLARITY Act just went from "stalled" to "mid-May reality" and most of the market hasn't noticed.

Senate Banking's key holdout, Thom Tillis, just signaled a markup could happen right after the May recess.

For weeks, the only thing delaying this bill was stablecoin yield fights with bank lobbyists. That's now "largely resolved". With midterm campaign season about to freeze everything, May is quite literally the window.

If this passes, it locks in:

· Which agency regulates what (SEC vs. CFTC)

· Legal protections for non-custodial developers

· A pathway for compliant stablecoins that doesn't get sued out of existence

This is the final piece of the US regulatory puzzle for institutions that have been sitting on the sidelines.

What's your guess — does it pass before the midterms or get kicked to 2027?

$BTC #CLARITYAct #CryptoRegulation