US Senator Thom Tillis pushing to delay CLARITY Act markup until May.

The holdup? Stablecoin yield provisions still causing friction in the Senate Banking Committee.

This matters because:

• CLARITY Act was supposed to provide regulatory framework for digital assets

• Stablecoin yield mechanics remain a contentious issue between lawmakers

• Any delay = continued regulatory uncertainty for USD-pegged stables

For context: stablecoin yield provisions determine whether issuers can share revenue from reserves with holders. Traditional finance wants to gate-keep this, crypto natives want access.

Delay isn't necessarily bearish, but it extends the limbo period. Watch how USDC, USDT, and newer yield-bearing stables react to any final language.

Regulatory clarity remains the biggest unlock for institutional capital. We're still waiting.