يخاطر قانون CLARITY بالانزلاق مع توقف معركة الإسكان بشأن ترميز العملات المشفرة في مجلس الشيوخ

The CLARITY Act’s next problem is whether Senate Republicans can keep the crypto market structure bill on schedule while a housing dispute and unresolved DeFi protections pull the markup into a narrower window. The act's markup has moved past the stablecoin yield standoff to Sen. John Kennedy's housing frustration, unresolved protections for software developers, and the Republican vote math that Senate Banking Chair Tim Scott still needs to close. The Tillis-Alsobrooks compromise that broke the yield deadlock allows stablecoin rewards tied to platform usage and activity while banning passive yield on idle balances, keeping crypto firms from replicating high-yield savings accounts. Scott now needs to convert that policy win into a coalition one. He has said publicly that he wants “thirteen of thirteen Republicans” before moving to a bipartisan markup in May. Punchbowl reported that Kennedy is withholding support partly because of frustration with the White House over the 21st Century ROAD to Housing Act. Kennedy's Build Now Act cleared the Senate inside that package, the House passed its own version, and bicameral reconciliation is unfinished. Why this matters The risk for crypto is timing. A delayed markup would leave less room for Senate floor action, House coordination, and final negotiations before election-year politics make a broad market structure bill harder to move. His leverage over the CLARITY Act timeline is positional, as he holds a vote Scott needs, and his price is movement on housing that Scott cannot deliver unilaterally. Issue Where it stands now Who matters most Why it matters for markup Stablecoin yield Main deadlock eased by the Tillis-Alsobrooks compromise: rewards tied to usage/activity allowed, passive yield on idle balances barred Tillis, Alsobrooks, bank lobby, crypto firms Removes the most visible policy fight, but does not by itself secure a markup Kennedy housing frustration Still an active political complication tied to unfinished bicame