Tim Scott Says Stablecoin Yield Deal Could Arrive This Week

Highlights:

• Senator Tim Scott said a compromise on stablecoin yield may arrive later this week.
• The CLARITY Act remains delayed because of disagreement over yield-bearing stablecoins.
• He said lawmakers are still discussing ethics, DeFi, and other key issues.

A long-running fight over stablecoin yield may be nearing a turning point in Washington. Speaking at Digital Chamber’s DC Blockchain Summit, Senator Tim Scott, who leads the Senate Banking Committee, said he expects to have the first compromise proposal on the issue in hand by the end of this week.

🚨NEW: STABLECOIN YIELD DEAL EXPECTED THIS WEEK

US Senator, Tim Scott, says a compromise on stablecoin yield could arrive this week.

The issue has stalled the crypto market structure bill. Scott expects to review a proposal within days.

Lawmakers remain divided over… pic.twitter.com/Wg3Kf7riBU

— BSCN (@BSCNews) March 18, 2026

Tim Scott Says Stablecoin Yield Talks Are Moving Ahead

“If that actually happened before the end of this week, and I think that it will, we’ll at least know that the sketch looks like the person. If that’s the case, I think we’re gonna be in much better shape.” he said. His comments suggest the Senate’s stalled market structure bill may finally be inching forward after months of delay tied to the debate over yield-bearing dollar-backed stablecoins.

At the centre of the current debate is the Senate’s CLARITY Act, a bill designed to set clearer rules for digital assets and define the roles of the SEC and CFTC. But the bill lost momentum after a dispute over stablecoin yield. Banking groups want limits on those reward programs because they fear deposits could move out of traditional banks. Crypto firms oppose that idea and say it would weaken competition and make stablecoins less useful. The disagreement forced the Senate Banking Committee to delay its January markup, and no new date has been announced. 

The stablecoin market is no longer a small part of the crypto industry. Its total value has risen above $320 billion, with USDT and USDC leading the market. This rapid growth is increasing pressure on Washington to act.

Lawmakers Continue Talks on Other Key Issues

Scott said lawmakers have also spent the past month discussing other key issues in the bill. These include concerns about Donald Trump and his family’s crypto projects, the lack of bipartisan commissioners at major agencies, and know-your-customer rules.

He said both sides are now close to resolving the ethics issue and quorum concerns. He also said some progress on nominations has helped the talks move forward. At the same time, discussions on decentralized finance and anti-money laundering rules are still continuing.

SEC and CFTC Move Toward Clearer Crypto Rules

At the same time, U.S. regulators are giving the crypto market a clearer direction. The Securities and Exchange Commission recently issued a new interpretation that changes how digital assets may be viewed under the law. The agency introduced a framework that places tokens into groups such as digital commodities, collectibles, tools, stablecoins, and digital securities. Most importantly, it said that most crypto assets do not come under securities laws.

The guidance also covers key crypto activities, including staking, mining, airdrops, and other common market practices. It was prepared with input from the Commodity Futures Trading Commission, which shows that top U.S. regulators are trying to take a more coordinated approach.

TODAY 🚨: The Commission issued an interpretation that clarifies the application of federal securities laws to crypto assets.

This is a major step to provide greater clarity regarding the Commission’s treatment of crypto assets.

Read the release here: https://t.co/DDykVLHZQI pic.twitter.com/zbLFS2JH6g

— U.S. Securities and Exchange Commission (@SECGov) March 17, 2026