The U.S. Senate Banking Committee is unlikely to review the CLARITY Act, which aims to regulate the cryptocurrency market, in April. Discussions may be postponed until May, according to Senator Thom Tillis in an interview with Punchbowl News.

News: Sen. Tillis (R-NC) told Senate Banking Committee Chair Tim Scott (R-SC) that the panel should not plan to advance a major crypto bill in April.

Negotiators need more time to finalize a bank-crypto compromise on stablecoin yield, Tillis said, pointing to a potential May markup pic.twitter.com/PIaAjPCb24

— Brendan Pedersen (@BrendanPedersen) April 20, 2026

The main obstacle remains the provision regarding rewards for holding stablecoins. Banking representatives are concerned that high yields from "stable coins" could lead to a withdrawal of deposits from traditional institutions, potentially harming the financial stability of smaller organizations.

According to Tillis, negotiators need more time to reach a compromise between banks and crypto companies.

The current version of the bill proposes banning interest on inactive stablecoin balances, while allowing income from asset operations. Crypto companies oppose such restrictions, viewing them as a threat to innovation.

The legislation aims to delineate the powers of the SEC and CFTC, as well as clarify the status of digital assets as either securities or commodities.

Cody Carbone, head of the Digital Chamber, sent a letter to committee leadership urging senators to expedite the rule-making process to "provide legal clarity for 70 million American cryptocurrency owners."

Today, we sent a letter to @BankingGOP leadership urging the Committee to move digital asset market structure legislation to markup and continue improving the bill in a transparent, deliberative, and bipartisan manner. Read our full letter: https://t.co/muPdJ8xq5m pic.twitter.com/ZHZX4PLA8e

— The Digital Chamber (@DigitalChamber) April 20, 2026

Recall that in February, reporters reported on ongoing disagreements regarding the CLARITY Act.