Crypto journalist Eleanor Terrett wrote on the X platform that U.S. Senator Thom Tillis plans to push the Clarity Bill to the Senate Banking Committee's markup stage as soon as possible, stating that legislative progress has "achieved substantial consensus" and should now move into the formal implementation process. Tillis told Congress that he will request the committee chairman to schedule a review meeting after the congressional recess and expects to release the legislative text regarding stablecoin yield provisions 4-5 days before the review, for industry and stakeholders to review in advance. Most banks' concerns about the risks associated with stablecoin yields have been addressed in the discussions, and he encouraged institutions with remaining opinions to "participate in good faith to improve the legislation." Furthermore, Tillis mentioned that he generally supports the legislative framework proposed by Senator Cynthia Lummis regarding issues such as the potential impact on software developers and law enforcement under the 1960 Criminal Law Act. This statement indicates that U.S. crypto regulatory legislation is accelerating into a substantial phase regarding the definition of stablecoin and developer responsibilities.
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