CoinDesk reported that although the passage of the U.S. cryptocurrency market structure bill (Clarity Act) within April is virtually thwarted, the bill can maintain its momentum if a Senate committee hearing is held in May. A Senate aide said in an interview with CoinDesk, "While the legislative schedule is getting tight, a delay of a few weeks is not fatal. It can be seen as Republican Senator Thom Tillis securing time to coordinate banking concerns related to stablecoin interest. Also, most issues related to DeFi protection have reached an agreement. There are no major obstacles remaining in the committee approval process. The problem is the schedule. From August, the Senate will virtually transition to an election system and prepare for the November midterm elections. Until then, legislative activity is only possible for about 12 weeks. During this period, major issues such as the Department of Homeland Security budget and the war in Iran overlap, making the conditions for processing the bill not easy." Previously, Senator Tillis mentioned that more time is needed to finalize a compromise with the cryptocurrency industry, and that the bill could be advanced in May.
