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The originally scheduled review of the "Clarity Act" for the week of April 27 may be postponed to May.

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ME News Report, April 20 (UTC+8), the U.S. Senate Banking Committee is advancing key negotiations on stablecoin legislation under the "Clarity Act," with a bill review originally scheduled for the week of April 27 potentially delayed to May due to banking industry lobbying. Banking lobbying groups, including the North Carolina Bankers Association, are focusing pressure on Senator Thom Tillis's office to reassess the current draft's stablecoin yield restrictions; the compromise plan between the crypto industry and banking sector led by Tillis and Angela Alsobrooks has only been shown to a select few industry representatives and has not been made public. White House Crypto Council Executive Director Patrick Witt stated on X that continued lobbying by banks is difficult to explain with motives other than "profit-seeking or ignorance." Aside from the yield provisions, the bill's content related to ethical constraints and DeFi regulation remains under further negotiation, and whether a formal review schedule can be finalized this week remains uncertain. (Source: PANews)
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