Senator Thom Tillis and Senator Angela Alsobrooks have reached a tentative agreement with the White House on stablecoin yield language that could break the months-long deadlock holding up the Digital Asset Market Clarity Act (CLARITY Act).
The deal, first reported by Politico on March 20, targets the central dispute that has stalled the bill in the Senate Banking Committee since January.
What the Deal Contains
Alsobrooks reportedly confirmed the agreement in an interview with Politico, stating that the proposed language would bar yield payments on passive stablecoin balances.
She framed it as a compromise that protects both crypto innovation and bank deposit stability.
Tillis said he feels the tentative deal is in a strong position but stressed that it still requires vetting from both the banking and crypto industries before it can move forward.
The stablecoin yield question has been the single largest obstacle to the CLARITY Act’s Senate passage. Traditional banks have argued that yield-bearing stablecoins compete directly with insured deposits, risking capital flight from the banking system. Crypto firms, led by Coinbase CEO Brian Armstrong, have pushed back, calling yield restrictions a form of regulatory capture designed to shield banks from competition.
What Happens Next
The agreement remains preliminary. Neither the banking industry nor major crypto firms have signed off on the final text. Tillis acknowledged this openly, telling Politico that industry participants remain a necessary party to any final deal.
Earlier on March 20, Senator Cynthia Lummis’ team reported that stablecoin yield negotiations were 99% resolved following a closed-door GOP meeting attended by White House Crypto Council Executive Director Patrick Witt.
The Tillis-Alsobrooks announcement appears to confirm that progress.
If the agreement holds, the Senate Banking Committee could move toward a markup as early as late April. Lummis has set a year-end deadline for full Senate passage, but the legislative calendar is tight heading into midterm season.
The CLARITY Act passed the House 294-134 in July 2025. It would divide crypto regulatory authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while setting federal rules for stablecoin issuance, exchange registration, and digital asset classification.
Whether this tentative deal survives industry scrutiny will determine if the most significant piece of U.S. crypto legislation advances or stalls again.