U.S. Senator Tillis says he will push the Clarity Act, which deals with stablecoins, into formal consideration.

CoinFeed reported on April 29 that, according to Eleanor Terrett, U.S. Senator Thom Tillis (Republican, North Carolina) stated that he is prepared to push the Clarity Act, related to stablecoins, into the Senate Banking Committee's markup stage and will request the chairman to schedule a timeframe after the senators return to the Senate. Tillis stated that most banks' concerns regarding stablecoin yields have been heard and addressed, and other stakeholders can continue to "participate in good faith." Regarding the timeline, he hopes to release the legislative text concerning stablecoin yields four to five days before formal consideration for stakeholders to preview, and expressed overall support for Senator Cynthia Lummis's position on the impact on software developers and law enforcement.