The biggest question facing crypto regulation right now is—regarding stablecoin yields, the banking and crypto industries are not in agreement. But now it seems efforts have begun to break this deadlock.

Senator Thom Tillis is set to release an important draft this week that will outline a framework for the stablecoin yield issue. Tillis has said himself that the language is well-prepared, and if everything stays on track, this text could be made public after this week. This could be a game-changer for the CLARITY Act.

The reality is that the tug-of-war between the banking sector and crypto companies over digital assets has been ongoing for a long time. Banking institutions believe that stablecoin yields threaten savings, while crypto companies argue that their industry cannot grow without yield generation. Tillis’s move is significant in bridging this divide.

Patrick Wirt, Executive Director of the Presidents’ Council of Advisors on Digital Assets, said that this agreement will prepare the way for the CLARITY Act to move forward. According to him, this understanding was very necessary because previous progress was stalled by banking sector concerns.

But the biggest timing issue here is—there is only a 14-day window for the CLARITY Act. If it doesn’t pass through the Senate Banking Committee by April 30, it could be delayed for the entire year. Senator Bill Hagerty confirmed that it will be presented to the committee this week, but an exact date has not yet been set.

Do you think this draft will satisfy both sides? Because if the CLARITY Act passes, it will be a major turning point for US crypto policy. Regulatory agencies are also preparing to implement the framework immediately if the bill passes.