Clarity Act Senate review may be pushed to May amid bank lobbying

The Senate's review of the Clarity Act, a market structure bill that includes final amendments on stablecoin interest and rewards, may be delayed due to lobbying from the banking sector, CryptoInAmerica reported. According to the report, banking groups have raised concerns about the bill's provisions for paying interest on stablecoins and are actively lobbying the Senate Banking Committee. The efforts are said to be focused on Republican Senator Thom Tillis. While the Senate had initially planned to hold a markup session in late April, the schedule is now increasingly likely to be pushed to May, reflecting the banking sector's demands for further input and other political calendar variables.