UPDATE: CLARITY Act momentum at risk as stablecoin yield language likely delayed amid markup strategy concerns

The long-awaited compromise text on stablecoin yield may not be released publicly this week, raising fresh questions about the timeline for broader crypto legislation including the CLARITY Act. A spokesperson for Senator Thom Tillis said the draft "is no longer expected to be released publicly this week," according to reporter Eleanor Terrett (@EleanorTerrett). Senate aides say timing is driving the hesitation. Circulating the stablecoin yield language ahead of a markup could give opponents room to mobilize and shape the debate. The markup is now expected in the second half of April. Lawmakers and industry participants view the slippage as a potential drag on the wider legislative push, as each additional week gives critics more time to organize. Discussions between crypto and banking groups remain ongoing.