Sen. Thom Tillis no longer expects to release revised stablecoin yield language for the Clarity Act this week, according to multiple reports citing comments he made to Politico. The delay pushes back another key step in a fight that has already slowed the Senate's broader crypto market structure bill.

What changed

Earlier this week, Tillis had indicated the draft could be released within days. Now, outlets including Unchained, crypto.news, and The Block report that he wants more clarity on the timing of the Senate Banking Committee's markup before publishing the text.

The reported framework itself appears largely unchanged. Current descriptions say it would still block rewards on idle stablecoin balances while allowing some activity-linked rewards tied to transactions or platform use. That distinction has been the core compromise lawmakers have been trying to land between banks and crypto firms.

Why it matters

This is a narrow procedural delay, but it matters because the yield dispute remains one of the last major sticking points in the Clarity Act. Banks argue that exchange-paid stablecoin rewards could pull deposits out of the traditional system, while crypto companies say a blanket ban would shut down a legitimate product category.

The conservative read is that the bill is not dead, but it is still not ready. Even after an apparent policy compromise started to take shape, Senate scheduling and final political signoff are still proving hard to lock down.