The US Cryptocurrency Market Structure Act CLARITY Act has not shown significant public progress in the past month. It is not expected to advance in April, and May will become a key observation window; Memorial Day in the United States (May 25) is seen as the "deadline" for the bill to make critical progress needed for passage before the elections. After that, as summer approaches, legislators will leave Washington to campaign. Over 100 crypto industry organizations signed an open letter last week urging the Senate Banking Committee to hold revision hearings, but the timeline for progress remains unclear, and issues such as stablecoin yields have not been publicly resolved; even if related issues are addressed, the House still needs to vote on the bill again. (CoinDesk)