U.S. Senator Tillis: Prepared to Advance the "Clarity Act" to Committee Markup Phase

BlockBeats News, April 29th, Fox Business reporter Eleanor Terrett revealed that U.S. Republican Senator Thom Tillis stated that he is prepared to push the "Clarity Act" into the committee for a line-by-line revision phase.

Speaking at Capitol Hill, Tillis said, "We have made a lot of progress, and it is time to move the bill to the committee for further advancement." He mentioned that he will request the committee chair to schedule a formal review date after the congressional recess.

Regarding the stablecoin yield controversy, Tillis indicated that most of the banking industry's concerns have been heard and addressed, while welcoming all parties to continue to "engage in discussion in good faith."

In terms of the timeline, Tillis expressed his hope to release the legislative text on stablecoin yield provisions 4 to 5 days before the formal review and provide a preview version to relevant stakeholders in advance.

Furthermore, concerning the issue of software developer liability and the potential impact of the 1960 Criminal Code on enforcement, Tillis stated that he generally supports the legislative direction currently being promoted by Cynthia Lummis.