US Senator Thom Tillis has urged Senate Banking Chair Tim Scott to delay the markup for the CLARITY Act, the bill, until May due to ongoing disagreements over stablecoin yield provisions. This has led to concerns that the bill may not pass before the US midterms, which could potentially reverse momentum. The banking industry has raised concerns that allowing stablecoin yields could lead to significant deposit outflows from the traditional banking system, particularly at community banks. Meanwhile, crypto advocacy group The Digital Chamber has urged the Senate Banking Committee to move the legislation forward to a Senate markup.