US Senator Tillis to push Senate Banking vote on stalled crypto bill

Republican Senator Thom Tillis says the Senate’s version of the CLARITY Act has “made a lot of progress,” and it was time for lawmakers to vote on advancing the bill.

US Senator Thom Tillis says he will push the Senate Banking Committee to advance the stalled crypto market structure bill, as the text of the bill has made progress and is ready for another vote.

Tillis, a key Senate Banking Republican, told reporters on Wednesday that he would ask Senate Banking Committee Chairman Tim Scott “to move forward with scheduling a markup” when the Senate is back in session on May 11.

“I think that we've made a lot of progress,” Tillis said. “But at the end of the day, until you have a forcing mechanism of a markup, everybody that really doesn't want it done is going to have one more thing that they want to talk about, and I think it's time to get it before the committee, move it forward.”

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