CryptoWorld News reports, citing CryptoNews, that Ohio Senator Bernie Moreno said at a Washington event on April 22 that the Clear Act must be passed by Congress by the end of May, otherwise U.S. crypto market structure legislation will be largely out of reach in this cycle. He noted that if the bill fails to pass, digital asset legislation “may not be able to move forward.” At present, the Senate Banking Committee has not yet held an official vote on the bill, even though the House passed it in July 2025 by a vote of 294 to 134. Moreno’s warning comes as opposition from the banking industry to stablecoin yield is intensifying. He said at the DC Blockchain Summit that most of the noise in the market is false, and that banks need to innovate rather than trying to stifle yield-bearing stablecoin products.

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