Back
U.S. Senator Bernie Moreno Says Crypto Market Structure Bill Could Be Finished by Late May

U.S. Senator Bernie Moreno Says Crypto Market Structure Bill Could Be Finished by Late May

U.S. lawmakers say CLARITY Act talks have reached a “good spot” on stablecoin rewards under the GENIUS Act, but illegal finance, ethics, and banking opposition still threaten a May timetable.

Fact Check
The claim has two components. First, CoinDesk's April 21, 2026 article, 'Crypto's great hope in Senate's Clarity Act still has a path to survive tight calendar,' directly supports that Sen. Thom Tillis said a Senate Banking Committee hearing may occur in May. Second, the same CoinDesk article says Tillis was still negotiating with bankers over stablecoin rewards programs and that this dispute was causing further delay, which supports the reported continued banking-industry opposition to stablecoin yield provisions. The two CryptoSlate articles independently align with that account by describing intense bank lobbying and opposition tied to stablecoin-yield negotiations. Because the strongest evidence here is still journalistic rather than a direct Tillis statement or official Senate notice, confidence is medium rather than high.
    Reference: 1
Summary

U.S. crypto market structure negotiations around the CLARITY Act have advanced, with the dispute over stablecoin rewards reportedly reaching a “good place” as Senators Angela Alsobrooks and Thom Tillis discuss whether platforms such as Coinbase can offer rewards under the GENIUS Act. Senator Bernie Moreno said market structure legislation could be completed by late May and warned that if the CLARITY Act does not pass in May, broader crypto legislation may not move forward for the foreseeable future. At the same time, Tillis indicated an April hearing or committee vote now appears unlikely and is instead targeted for May. Reports also cite continued banking-industry opposition to stablecoin yield provisions, while illegal finance and ethics issues remain unresolved, underscoring pressure on the bill as the Senate’s legislative window narrows.

Terms & Concepts
  • CLARITY Act: A proposed U.S. crypto market structure bill intended to provide clearer legal and regulatory rules for digital asset markets.
  • GENIUS Act: A U.S. legislative proposal referenced in the stablecoin rewards debate, including questions over whether platforms can offer such rewards.
  • Stablecoin rewards: Benefits or yield-like incentives offered in connection with holding or using stablecoins, a contested issue in U.S. digital asset regulation.