The Senate Banking Committee will consider the Clarity Act, with stablecoin returns and conflicts of interest becoming a focal point.

CoinFeed reported on May 11 that, according to Crypto in America, the U.S. Senate Banking Committee has scheduled a formal markup session for the Clarity Act, the cryptocurrency market structure bill, on Thursday. The final text of the relevant provisions is expected to be released before the session, and senators must submit amendments by the deadline. The initial review was temporarily halted due to opposition from industry figures such as Coinbase CEO Brian Armstrong to the stablecoin yield provisions. Currently, crypto institutions like Coinbase have largely accepted the new text, but some banks serving retail customers are still writing to the Senate through industry associations, demanding further tightening of the "deposit-like interest rate" space for stablecoins to prevent depositors from migrating.