Sen. Thom Tillis, R-N.C., speaks to a reporter as he arrives for the Senate Republicans’ lunch meeting in the U.S. Capitol on Wednesday, March 11, 2026.
Bill Clark | Cq-roll Call, Inc. | Getty Images
Crypto companies such as Coinbase are calling for Congress to advance a major market structure bill known as the CLARITY Act as soon as next week after senators released compromise language meant to end a battle between banks and crypto over when rewards can be offered on stablecoins.
The proposal — from Sens. Thom Tillis, R-N.C, and Angela Alsobooks, D-Md. — would ban crypto companies from giving yield-like rewards for holding stablecoins, which banks warn would lead to fewer deposits and less capital for them to loan. However, it would…
