TechFlow News, April 29: According to reporter Eleanor Terrett, U.S. Senator Thom Tillis (R-NC) stated he is prepared to move the “Clarity for Stablecoins Act” into the markup phase and will request the chairman to schedule a markup session. Tillis noted that most banking-sector concerns regarding stablecoin yields have been heard and addressed, and he welcomed other stakeholders to participate in good-faith collaboration. Regarding timing, Tillis aims to release the stablecoin yield-related legislative text four to five days after stakeholders’ preview and before the markup.
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