Svmuu News: U.S. Senate Majority Leader John Thune stated that the Clarity Act, a bill aimed at regulating the crypto market, is not expected to pass the Senate Banking Committee before April. The bill seeks to establish a comprehensive regulatory framework for digital assets in the United States. While the House of Representatives has already advanced the legislation, discussions in the Senate are still ongoing. The primary obstacle to the bill’s progress lies in the issue of stablecoin yields, as the crypto industry and the banking sector have yet to reach a compromise. The banking sector believes that allowing stablecoins to offer yields could lead to a drain of deposits from traditional institutions, while Patrick Witt, Executive Director of the White House Presidential Advisory Board on Digital Assets, stated this week that compliant stablecoins could attract new global capital to the U.S. banking system. Additionally, the Senate passed a comprehensive housing bill on the same day that includes a provision prohibiting the issuance of a central bank digital currency (CBDC) by the Federal Reserve (Federal Reserve). The bill will be sent to the House for further consideration and a vote. Legislators are currently prioritizing President Donald Trump’s SAVE America Act, and Thune indicated that the Senate will vote on the bill next week. JPMorgan analysts previously described the potential passage of crypto market infrastructure legislation as a “positive catalyst” for the industry in the second half of the year. Donald Trump also stated on Truth Social earlier this month that passing the Clarity Act is the “next step in getting the job done” following the GENIUS Act.