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The US Cryptocurrency Market Structure Act CLARITY Act has not shown significant public progress in nearly a month.
In April, it is not expected to advance, and May will become a key observation window;
Memorial Day in the US (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.
Issues such as stablecoin yields have not yet been publicly resolved;
Even if related issues are addressed, the House still needs to vote on the bill again. (CoinDesk)