# Senator Thom Tillis

Type: Person

Source: GetYourBrief — https://getyourbrief.com/entity/senator-thom-tillis
Canonical HTML page: https://getyourbrief.com/entity/senator-thom-tillis

## Timeline

- **2026-07**: Lobbying escalates before August recess — With Congress scheduled to recess in August, JPMorgan and the American Bankers Association ramp up efforts to pressure the Senate to eliminate all stablecoin yield provisions in the CLARITY Act.
- **2026-06**: Jamie Dimon issues 'shadow banking' warning — JPMorgan CEO Jamie Dimon warns that any yield-bearing stablecoins without bank-like protections could trigger a shadow banking crisis; the banking lobby begins intensified push to ban all yields.
- **2026-05**: Bipartisan stablecoin yield compromise reached — Senators Thom Tillis and Angela Alsobrooks broker a deal to ban passive stablecoin rewards while allowing activity-based rewards, paving a path for Senate action.
- **2025-07**: House passes CLARITY Act — The U.S. House of Representatives approves the Digital Asset Market Clarity Act, providing a federal framework for digital assets, but the bill stalls in the Senate over stablecoin yield rules.

## Recent coverage (2 stories, network-wide)

### JPMorgan Warns Stablecoin Yields Could Spark Shadow Banking Crisis—2 Public Crypto Firms at Risk
2026-07-07 00:17:02 · Sector: finance · Sentiment: Bearish · Impact: 7/10 · Sources: 1

Jamie Dimon's shadow banking warning is driving a lobbying push that could sink Coinbase and Circle's stablecoin revenue. For investors, the battle over the CLARITY Act presents both a near-term regulatory catalyst and a long-term threat to bank deposit economics.
Full story: https://getfinancebrief.com/story/jpmorgan-stablecoin-yield-shadow-banking-risk

### JPMorgan Lobbying Threatens 2-Senator Stablecoin Yield Compromise in CLARITY Act
2026-07-07 00:15:23 · Sector: legal · Sentiment: Bearish · Impact: 7/10 · Sources: 1

JPMorgan Chase and the banking lobby are pushing to overturn a bipartisan Senate compromise on stablecoin yields, creating new regulatory uncertainty. The fight could reshape the legal framework for digital assets and establish key precedents for how 'shadow banking' risks are defined.
Full story: https://getlegalbrief.com/story/jpmorgan-lobbying-clarity-act-stablecoin-yield-compromise

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