Clarity Act Heads for Showdown as Tillis Files Stablecoin Yield Compromise

The Digital Asset Market Clarity Act enters its decisive week with a Senate Banking Committee markup set for July 17, following Senator Tillis's final amendment with Senator Alsobrooks that bans deposit-like stablecoin yields. In parallel, the US and UK released a joint 10-point roadmap for tokenized asset oversight, and Morgan Stanley formally updated its S-1 filings for spot Ether and Solana ETFs using Coinbase custody. The Ethereum Foundation also spun out EthSystems, a for-profit privacy startup targeting institutional blockchain infrastructure.

Written by AI from the sources it cites; it can be wrong — follow any citation to confirm.

7 sources1 min read

Senate panel marks up CLARITY Act July 17 as Tillis files stablecoin yield compromise Senator Thom Tillis filed a final amendment to the Digital Asset Market Clarity Act, banning deposit-like passive yields on stablecoins while preserving activity-based rewards, in a compromise with Senator Angela Alsobrooks. The Senate Banking Committee is set to mark up the landmark market structure bill on July 17, deciding the fate of comprehensive crypto regulation for 2026. 1 2

US and UK publish 10-point roadmap for tokenized asset and stablecoin oversight The US Treasury and HM Treasury jointly released a 10-point plan to coordinate oversight of tokenized assets and stablecoins, creating an industry-led working group for cross-border pilots. The framework enhances supervisory cooperation between the SEC, CFTC, FCA, and BOE without introducing new binding rules. 3

Morgan Stanley updates S-1 filings for spot Ether and Solana ETFs with Coinbase Morgan Stanley revised its S-1 filings for the Morgan Stanley Ethereum Trust and Solana Trust, naming Coinbase as custodian and staking provider and BNY Mellon as co-custodian, with a competitive 0.14% annual sponsor fee. Bloomberg analysts view the disclosures as confirmation the ETFs are in their final stages before launch. 4 5

Ethereum Foundation spinout EthSystems launches institutional privacy tools EthSystems, a for-profit startup spun out from the Ethereum Foundation's Institutional Privacy Task Force, launched to commercialize confidential stablecoin transfers, private bond issuance, and cross-chain settlement for banks. Backed by major ETH treasury companies Bitmine and SharpLink, it is the latest EF spinout following EthLabs and Ethereum Institutional. 6 7