Tillis is about to release a draft on stablecoin yields, and this could be decisive for crypto regulation in the United States. The senator is expected to present the bill under the CLARITY Act this week, and honestly, timing is everything right now.

What’s happening is that the debate over stablecoin yields has become the main point of friction. On one side, banks are worried about the risk to savings. On the other, crypto companies say that without yield-generating tools, the sector can’t grow. Tillis believes he has found wording that works for both sides. He himself said: if things continue like this, they’ll release the text publicly later this week.

For now, Patrick Witt, the executive director of the President’s Advisory Council for Digital Assets, is optimistic. He confirmed that there is a key agreement on stablecoin yields in place. But let me be clear: resolving this yield issue is essential before moving on to other challenges. Without that resolved, the rest won’t move.

Here’s the critical point: we’re in a 14-day window that could determine the future of U.S. crypto regulation. The U.S. Senate returned from recess on April 13, and the bill is expected to go to the Comissão de Bancos (Banking Committee) later this month. If it doesn’t move forward by the end of April, forget it, because after that the focus shifts to the midterm elections, and the CLARITY Act gets pushed aside.

Senator Bill Hagerty confirmed that the bill will be referred to the committee this week. But here’s the catch: if it doesn’t pass through the committee by the end of April, it’s unlikely to reach a full Senate vote. That means all this discussion about stablecoin yields—about how platform operators should operate—could be frozen for the rest of the year.

What’s catching my attention is that regulators have already signaled they’re ready to implement the regulatory framework if the bill is approved. That increases urgency in an absurd way. Recent progress has also improved momentum, with reduced resistance from the banking sector and more support from regulators and crypto leaders.

But let’s be realistic: if the CLARITY Act doesn’t pass within this 14-day window, it could be left by the wayside for the rest of the year. It’s a critical moment, and everyone is watching how Tillis will handle this yield issue. The coming days are decisive.