US senator to push for Clarity Act committee markup

U.S. Senator Tom Tillis, a Republican, said he is ready to advance the Clarity Act to the committee markup stage. According to Eleanor Terrett, Tillis told reporters he would strongly push for a markup to be scheduled. Opposition from the banking sector over interest payments on stablecoins, previously a major hurdle for the bill's passage, has reportedly been largely resolved. The senator indicated that consultations with stakeholders are in their final stages and that specific amendments will be released just before the markup. He also signaled the bill is being refined in a crypto-friendly direction, stating his support for a proposal from fellow pro-crypto Senator Cynthia Lummis on the controversial issues of software developer liability and law enforcement.