Senator Thom Tillis plans to release a draft bill this week to resolve the controversy surrounding stablecoin yields in the Clarity Act.

CoinFeed reported on April 14th, citing Politico, that US Senator Thom Tillis hopes to release a draft agreement this week to resolve the long-standing dispute between banks and crypto companies regarding stablecoin yields. Tillis, in collaboration with Senator Angela Alsobrooks, drafted provisions in the Clarity Act to clarify whether crypto companies should be allowed to pay yields on idle stablecoin balances. The draft has been submitted to representatives of banks and the crypto industry for review and has faced opposition from banks. Tillis indicated his willingness to make further revisions, and if discussions proceed smoothly, the draft text may be released later this week. The previously passed GENIUS Act prohibits stablecoin issuers from paying interest to holders but does not explicitly prohibit third-party platforms such as exchanges from providing yields.