Overview
- Sen. Cynthia Lummis said the Banking Committee plans to mark up the CLARITY Act in the second half of April after the Easter recess.
- Sen. Tim Scott said he expects compromise language on stablecoin yield this week and credited White House adviser Patrick Witt for helping bridge differences.
- Following a closed-door meeting, negotiators said the stablecoin question is about 99% settled, with updated bill text expected to reach the White House for review.
- Lawmakers say DeFi treatment is largely resolved, while Senate Democrats press for strict ethics limits on senior officials’ crypto interests and for filling CFTC seats before new rules.
- Sen. Bernie Moreno warned the bill must advance by May as Republicans weigh legislative trades involving community banking or housing provisions and the Agriculture version still requires reconciliation.