The Senate Banking Committee will move the “CLARITY Act” off the agenda for the week of April 20.

Senate Banking Committee Chair Tim Scott did not put the “CLARITY Act” on the Senate’s agenda for the week of April 20, 2026; the bill is currently not scheduled for consideration. Senator Tom Tillis is expected to release the final draft of the bill this week; the draft includes the latest compromise provisions regarding stablecoin yield issues. Coinbase and several banking groups still hold opposing positions on the yield limitations in the proposal.

Current Status of Agenda Exclusion: Latest Updates from Tim Scott and Tom Tillis

After the Senate Banking Committee completed its recess period, Chair Tim Scott did not place the “CLARITY Act” on the agenda for the week of April 20.

Senator Tom Tillis is expected to release the “CLARITY Act” final draft this week. The draft covers the latest revisions reached between lawmakers and various stakeholders. After the final draft is released, the bill still needs to go through the “Markup” process—where the committee formally reviews the bill’s contents and makes line-by-line changes—before it can move to the next legislative stage.

Stablecoin Yield Controversy: Compromise Terms in the Final Draft

According to related reports, the current draft of the “CLARITY Act” adopts the following framework for stablecoin yields:

Bans passive yields, including fixed interest forms such as stablecoin simple interest

Allows incentive yields linked to payment activity or platform engagement

With respect to the above provisions, after Coinbase raised concerns earlier, it has shifted to a supportive position on the bill. Multiple banking groups still oppose the yield limitation provisions in the bill. According to related reports, the two sides’ differences have not yet been resolved.

Remaining Legislative Steps for the “CLARITY Act”

Under the U.S. congressional legislative process, after the “CLARITY Act” is approved by the Senate Banking Committee’s markup, the following steps still need to be completed:

· Coordinate jurisdictional coverage with the Senate Agriculture Committee (crypto regulatory rules involve multiple committees)

· Obtain at least 60 votes in favor in a full Senate vote, requiring support from both parties

· Perform text comparison and coordination with the House version; only then can the bill be submitted for the President’s signature to become law

Frequently Asked Questions

Why was the “CLARITY Act” removed from the Senate agenda for the week of April 20?

According to related reports, Senate Banking Committee Chair Tim Scott did not put the “CLARITY Act” on the Senate’s agenda for the week of April 20, 2026. The report did not specify the specific reason; the bill is currently not on the committee’s near-term schedule.

What key provisions are included in the final draft Tom Tillis is expected to release?

According to related reports, the final draft Tom Tillis is expected to release this week will include a compromise proposal for stablecoin yields. It bans passive interest yields but allows incentive yields tied to payment activity or platform engagement.

What are Coinbase and banking groups’ current positions on the “CLARITY Act”?

According to related reports, after raising concerns earlier, Coinbase has shifted to a supportive position on the “CLARITY Act.” Multiple banking groups still oppose the stablecoin yield limitation provisions in the bill; the differences between the two sides have not yet been resolved.