The legislative process is messy, even for simple stuff like renaming buildings (trust me). Senators aren't elected to referee a process, they're elected to vote on policy proposals. 1/
Quick level-set for the banks:
1) The Clarity Act is fundamentally not about stablecoins, yet it provides far more (14 pages vs the I think one paragraph in GENIUS?) restrictions to what stablecoin issuers can do regarding yield/rewards. 1/x