CLARITY Act Text Promised Within Days as Banks Reopen the Stablecoin-Yield Fight

Sen. Cynthia Lummis said July 14 that Senate negotiators expect to introduce revised CLARITY Act text within days and still aim to secure floor consideration before the August recess. The schedule remains controlled by Majority Leader John Thune, and no final text or floor vote has been posted. The push faces renewed banking-industry pressure: the ABA, ICBA and state banking associations are seeking tighter Section 404 restrictions on rewards tied to stablecoin balances, duration or tenure.