✨Cryptocurrency market restructuring talks, and especially the bill known as the "Clarity Act," have been one of the hottest topics in Washington in recent weeks.

👀 All eyes are on Senator Tillis and Stablecoin Rewards

The fate of the bill, known as the "Clarity Act," which aims to create a comprehensive legal framework for cryptocurrency markets in the United States, is tied to the decision of a key figure and a deep disagreement within the industry. Following weeks of intense negotiations between banks and crypto companies, the bill's progress in the Senate Banking Committee has slowed, particularly due to disagreements over "interest"-like rewards to be given on stablecoins.

💥Here are the latest developments and highlights.
🔹Senator Thom Tillis According to industry sources, the progress of the bill now largely depends on the support of Republican Senator Thom Tillis. It is known that the White House has sent a revised version of the bill to Tillis's office following discussions with banks and crypto firms. Tillis's vote is crucial for the bill to pass the Committee vote, which is expected to take place in late March.

🔹Key Disagreement: Stablecoin Rewards The biggest hurdle in the negotiations is whether crypto platforms can pay rewards or interest to users holding stablecoins.
🔹Banks' Stance: Traditional financial institutions are concerned that such rewards will cause a massive outflow of bank deposits. Analysts estimate that this could lead to a deposit loss of up to $500 billion from banks by 2028. Therefore, banks want strict limits on stablecoin rewards.
🔹Crypto Firms' Stance: Crypto companies like Coinbase argue that rewards of 3-4% are vital for attracting users and competing with traditional payment systems. They believe such restrictions will hinder innovation.
🔹 Missed Deadline and Future Expectations: The March 1 deadline set by the White House for reaching a compromise between the parties passed without an agreement. While this has delayed the bill's progress in the Senate, negotiations are reportedly continuing. Optimism in the sector continues, with Ripple CEO Brad Garlinghouse seeing a 90% chance of the bill becoming law by April if good-faith negotiations continue.

🔹 What's Next? Despite the slowdown in negotiations, regulators are keeping the issue on the agenda. The US Securities and Exchange Commission (SEC) is scheduled to hold a roundtable meeting on April 16 to review how federal securities laws apply to digital assets. This meeting could be an important step towards resolving legal uncertainties.

✍️ In short, although the "Clarity Act" bill has passed the House of Representatives, it is stalled in the Senate due to deep disagreements over stablecoin rewards. Senator Tillis's stance and the negotiations that will take place in the coming weeks will determine whether the bill becomes law in 2026.

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