U.S. Senators Thom Tillis and Angela Alsobrooks have reached a tentative agreement with the White House on language for cryptocurrency legislation aimed at resolving a stablecoin yield dispute between banks and digital asset firms. The senators stated the deal could allow the bill to be signed within weeks, aiming to protect innovation and prevent deposit flight. The agreement will now be vetted with industry stakeholders, though its specific contents remain unclear and it has not been guaranteed support from the banking or crypto sectors.
U.S. senators have reached an agreement with the White House to resolve the crypto stablecoin yield dispute with banks. Key senators say they have clinched a tentative agreement with the White House on language they hope to include in cryptocurrency legislation that is aimed at resolving a clash between banks and digital asset firms over stablecoin yield.
According to Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.), a deal was reached that could tee up the crypto bill to be signed within the coming weeks. “Sen. Tillis and I do have an agreement in principle,” Alsobrooks said in an interview Friday.
“We’ve come a long way. And I think what it will do is to allow us to protect innovation, but also gives us the opportunity to prevent widespread deposit flight.” The bill was previously stalled within the Senate Banking Committee. It is unclear what is included in the agreement, and it is not guaranteed to win support from the banking and crypto industries.
Tillis said in an interview that he feels “like we’re in a good place” with the tentative agreement, but added that he still plans “to vet it with industry.” “In working with the White House, I think we have an agreement,” Tillis said. “Now we have to vet it with industry, because they are a party to an ultimate deal.”
The passing of the bill could end the phenomenon of “regulations by enforcement,” bringing in an era of peaceful and mutual resolutions. The upside outlined by the report includes clearer tokenization and institutional adoption, with rules on clearer token classification and defined intermediary rules.
The White House has not commented on the reported agreement from the senators. The House of Representatives passed the CLARITY Act in July 2025 and the Genius stablecoin act in the same year, while the US Senate is currently working on its version of the act.
