Gate News message, April 15 — Senate Banking Committee Chair Tim Scott has not included the CLARITY Act (Digital Asset Market Clarity Act) on his schedule for the week of April 20, signaling delays in advancing crypto’s most prominent regulatory bill. Scott cited three unresolved issues: a stablecoin rewards dispute between banks and crypto firms, outstanding DeFi provisions, and the need to align all Republican committee members, with each issue potentially requiring another two weeks to resolve.
Senator Thom Tillis is expected to release final compromise language on stablecoin yield this week. The proposed framework would ban passive yield on stablecoin balances while permitting activity-based rewards tied to transactions and platform engagement, though banks have pushed back on the draft. Tillis told Politico he remains open to further revisions.
The bill faces a critical May deadline. If it does not reach the Senate floor by May, Senator Bernie Moreno has stated the legislation will likely be shelved for the remainder of 2026 due to midterm election politics. Galaxy Research estimates only 18 working weeks remain before the October midterm recess. Even after a successful committee markup, the bill requires a 60-vote Senate floor threshold, reconciliation with both the Senate Agriculture Committee and House versions (passed July 2025), and presidential signature. Polymarket currently prices CLARITY Act passage in 2026 at 58%, down from 82% earlier this year. Senator Cynthia Lummis warned that if the bill does not pass in this window, the next opportunity may not arise until 2030.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hong Kong SFC Launches Pilot Framework for Secondary Trading of Tokenised Investment Products
Hong Kong's SFC launched a pilot framework for secondary trading of tokenised investment products on licensed platforms, enhancing retail access and blockchain settlement. The framework includes investor protection measures and aims to expand the tokenised products market.
GateNews24m ago
Hong Kong SFC issues two tokenized offering circulars on the same day (26EC22 / 26EC23): Full breakdown of VATP secondary trading and primary subscription and redemption rules
The Hong Kong Securities and Futures Commission will issue two guidance circulars for tokenized products in 2026, covering primary-market subscription and redemption and secondary-market trading requirements, respectively. The circulars will clearly define the responsibilities of product providers, liquidity requirements, and fair pricing mechanisms. The new regulatory framework will affect how the industry operates and will create new business opportunities for compliance lawyers, forming a template for tokenized finance regulation in the Asia-Pacific region.
ChainNewsAbmedia1h ago
Hong Kong SFC prepares the world’s first tokenized assets trading framework for VATP: money market funds to lead the way, gradually expanding to all authorized products
The Hong Kong Securities and Futures Commission will publish a framework in April 2026 that will allow licensed virtual asset trading platforms to conduct secondary-market transactions of tokenized assets, with the first batch including money market funds and future expansion to stocks, bonds, and more. This will make Hong Kong the first market to use Web3 infrastructure, and it will advance in step with the regulatory technology “CrypTech” to establish a regulatory template for tokenized finance. The move is intended to secure Hong Kong’s position as an Asia-Pacific digital-asset hub and to create competitive pressure on Taiwan-based industry players.
ChainNewsAbmedia1h ago
BIS calls for globally coordinated stablecoin regulation: warns that Tether and Circle account for 85% of those showing “security-like characteristics”
The Bank for International Settlements (BIS) once again emphasized the importance of global stablecoin regulatory coordination, pointing out three major risks that stablecoins face at this stage, including regulatory challenges related to cross-border flows and issues with market concentration. BIS proposed a unified ledger framework and argued that central banks need to lead the development of digital currencies, which would pose challenges to existing stablecoin issuers such as Tether and Circle. Overall, in the future, stablecoins may face a more stringent regulatory framework.
ChainNewsAbmedia3h ago
Hong Kong SFC Approves New Framework for Trading Tokenized Investment Products
Hong Kong's SFC introduced a regulatory framework for trading tokenized investment products, enabling secondary market trading on licensed virtual asset platforms and enhancing access for retail investors.
GateNews3h ago
Central Bankers Warn Stablecoins Risk Accelerating Dollarization in Emerging Markets
Central bankers warn that stablecoins may accelerate dollarization in emerging markets and pose financial crime risks due to weak regulatory oversight. They urge for international coordination on stablecoin standards to balance innovation with financial stability.
GateNews4h ago
