Investment bank TD Cowen stated that, aside from the stablecoin yield issue, the crypto legislation "Clarity Act" still faces multiple obstacles, including a lack of Commodity Futures Trading Commission (CFTC) commissioners, regulatory disputes over prediction markets, political concerns raised by the World Liberty Financial project related to the Trump family, anti-money laundering pressures from Iran using crypto payments, and the possible inclusion of the "Credit Card Competition Act" in the legislative process; at the same time, the stablecoin yield restriction plan is still under negotiation, with a vote expected as early as May. Overall, the bill's passage remains uncertain, requiring bipartisan compromise and higher-level political support. (The Block)