Senator Cynthia Lummis announced that a key Senate panel plans to revise and vote on an important cryptocurrency market structure bill before the end of April, marking a significant step toward potential legislation. The bill aims to clarify regulatory responsibilities between the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC), define digital assets as securities or commodities, and establish new disclosure rules. Negotiations have been contentious, particularly on the issue of allowing stablecoin yields, but Lummis indicated that a compromise may have been reached. With midterm elections approaching, lawmakers face an urgent timeline, with Senator Bernie Moreno warning that passing the Clarity Act before May is critical for any future digital asset legislation.