Senator Tom Tillis said he may present an agreement this week on a dispute between banks and crypto firms over stablecoin yields.

According to media reports, the deal would address language in the CLARITY Act defining whether interest may accrue on unused balances.

Negotiations and bill progress

If the parties maintain these understandings, the bill could advance through the legislative process, though some provisions remain disputed.

Reportedly unresolved topics include the regulation of DeFi and proposed restrictions affecting public officials involved in stablecoin governance.

Scope of the contested language

The contested wording focuses on whether banks and crypto companies may pay interest on idle stablecoin balances, which affects accounting and custody practices.

Clarifying whether firms may pay interest on idle stablecoin balances would determine operational and compliance frameworks for banks and crypto companies.

Next steps

Senator Tillis's statement suggests a near-term procedural step, but the ultimate scope of the bill depends on negotiations over unresolved language.

As discussions continue, lawmakers will need to reconcile existing banking statutes with digital-asset rules while addressing consumer protection and stability concerns.