PANews reported on March 4th that, according to The Block, amidst the ongoing controversy surrounding stablecoin yields, House Republican French Hill has suggested that the Senate directly adopt the CLARITY Act, a crypto market structure bill already passed by the House, to expedite the legislative process. This bill passed the House last year with bipartisan support but did not address the current Senate focus on stablecoin yields. Hill stated that if the Senate cannot reach a clear conclusion, he recommends adopting the House version, which has the support of 78 Democrats, as a solution. He also pointed out that the Treasury Department could intervene, and the OCC released a proposal last week seeking public comment on the implementation of the GENIUS Act.


