The Senate Banking Committee will hold a markup hearing May 14 for a stalled crypto bill after lawmakers reached a stablecoin yield compromise.
The Senate Banking Committee will hold a markup hearing for the Digital Asset Market Clarity Act of 2025 on May 14 at 10:30 a.m. The bill, stalled since January, aims to clarify crypto market regulations but faced opposition over stablecoin yield provisions.
Lawmakers reached a compromise last week, led by Senators Thom Tillis and Angela Alsobrooks, addressing yield concerns. The updated text prohibits yield on static stablecoin reserves but allows rewards for active stablecoin use. Industry groups still express reservations about the language.
The markup represents a critical step toward potential passage, though further hurdles remain before the bill becomes law.