U.S. Clarity Act Vote Faces Potential Delay Amid Banking Lobby Pressure

The U.S. Clarity Act's voting schedule may face a delay due to pressure from banking lobby groups, according to a report by Crypto In America. According to Foresight News, the vote, initially expected in April, might be postponed to May. The North Carolina Bankers Association is leading efforts to influence Senator Thom Tillis regarding the scope of stablecoin yield restrictions in the draft legislation. The Senate Banking Committee must issue a review notice by this Friday to ensure the vote occurs during the week of April 27. Senator Tillis has proposed a 'crypto palooza' meeting involving banks, cryptocurrency experts, and senators to address disagreements over yield, ethics, and DeFi-related provisions.