Thom Tillis Signals Breakthrough: Senators, White House Reach ‘Agreement in Principle’ on Clarity Act Stablecoin Language
thom tillis and Sen. Angela Alsobrooks said U. S. senators and the White House have reached an “agreement in principle” to revise stablecoin language tied to the Clarity Act. The push aims to prevent “widespread deposit flight” from banks while keeping room for digital asset innovation in the United States. The developments were described as a potential turning point in a standoff between banks and crypto firms, with the timing of the announcement not specified in the available details, and all updates here noted as of 3: 00 PM ET.
Agreement in principle targets deposit flight while keeping innovation
The proposed revisions focus on a core flashpoint: whether crypto companies should be allowed to pay rewards on stablecoins held by customers. Crypto firms, including Coinbase, have pushed for the ability to offer those rewards, while major banks have argued that yield-bearing stablecoins could pull deposits away from the traditional banking system.
Within that dispute, lawmakers described adjustments designed to stop “widespread deposit flight. ” Alsobrooks said she believes the agreement would both reduce the risk of deposits moving out of banks and protect innovation in the U. S. digital-asset sector.
The Clarity Act is described as legislation designed to establish a clearer federal framework for digital assets, but it had stalled as competing interests collided. Coinbase had previously withdrawn support for the bill.
Thom Tillis and key players weigh in as banks and crypto collide
thom tillis and Angela Alsobrooks, both U. S. senators, discussed the bill language and the goal of preventing “widespread deposit flight. ” Their comments come as the broader fight over stablecoin rewards continues to define the political and policy pressure around the Clarity Act.
On the banking side, Jamie Dimon, CEO of JPMorgan, said this month that crypto firms offering stablecoin rewards should be regulated like banks. On the political side, President Donald Trump publicly backed the crypto industry’s position and urged negotiators to move the legislation forward, saying: “The Banks should not be trying to undercut The Genius Act, or hold The Clarity Act hostage. ”
The clash, as framed by the negotiators and industry voices, sits at the intersection of financial stability concerns and the market push for crypto-friendly rules that still provide regulatory clarity.
Regulatory backdrop: SEC guidance and a broader shift in Washington
The reported breakthrough on stablecoin language arrives during what was described as a broader shift in Washington’s crypto posture. This week, the U. S. Securities and Exchange Commission issued guidance dividing digital assets into tokenized securities and non-security crypto assets. Under that framework, assets such as XRP and Solana were categorized as commodities.
In that context, the Clarity Act negotiations were presented as part of a wider push by the Trump administration and lawmakers to deliver more crypto-friendly rules in the United States.
What’s next for the Clarity Act talks
With an “agreement in principle” now described, the next step will be whether negotiators finalize the stablecoin language changes in a form that can move the Clarity Act forward after months of stalled momentum. The central test remains the same: crafting rules that reduce the risk of deposit flight without foreclosing stablecoin innovation.
For now, lawmakers are signaling progress, and thom tillis is positioned at the center of the negotiations as the bill’s stablecoin provisions are reshaped to bridge the bank-crypto divide. As of 3: 00 PM ET, no additional finalized bill text or timeline was provided in the available details.
