On April 21, 2026, U.S. stablecoin regulation entered a new phase of delay after the American Bankers Association requested a 60-day extension to comment on the implementing regulations of the GENIUS Act.
At the same time, Sen. Thom Tillis warned: Discussion on the Clarity Act will not progress until April. In particular, there was a lack of agreement in Congress regarding the handling of stablecoin “yields” (interest), which may lead to a postponement to May.
The banking sector’s request is part of the regulatory development phase of the GENIUS Act, and federal agencies continue to define the rules that will determine its application. The purpose of the extension is to broaden the scope of assessing the impact of the framework.Especially in its interaction with the traditional financial system.
GENIUS Act, approved in 2025 Establishes federal framework for first U.S. stablecoinas reported by CriptoNoticias. The regulations require one-to-one support for high-quality liquid assets, regular auditing and supervision by a licensed body. Although direct interest payments to holders are prohibited, certain rewards related to the use of the platform are permitted, creating an area of open interpretation.
The Clarity Act seeks to define the classification of tokens and establish an allocation of authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). but, Progress continues to be conditioned by a lack of agreement on key aspects of regulatory design.
This debate has intensified tensions between traditional banks and the digital asset sector. Financial institutions are trying to limit mechanisms similar to return on deposits, but the industry argues that: Any compensation associated with the use of the Platform does not constitute interest, but rather an adoption incentive.
In this context, Parliament chose to extend the deadline for discussion and avoid accelerating the definition of concepts that have not yet been agreed upon. This has contributed to slowing the legislative timelines for both projects.
(Tag Translate) Cryptocurrency
