Bank lobbying and fresh DeFi hacks threaten to delay the Clarity Act’s Senate markup to May, as stablecoin yield fights and security fears complicate the crypto market-structure push.

Bank lobby pushing Clarity Act delay under "consumer protection" cover while yield-bearing stablecoins like sUSDe and sUSDS eat into deposit franchise economics tells you the actual lobbying target. Every DeFi exploit headline feeds ICBA testimony arguing stablecoin provisions need tighter restrictions. May markup slips right past community banks' Q1 earnings window where deposit flight numbers would land in 10-Qs.

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