The Block reported that the US Congress's crypto market structure bill (CLARITY) is being pushed forward with the goal of a vote (markup) in the Senate Banking Committee in mid-May. The media explained, "Senator Thom Tillis requested an acceleration of the schedule, speeding up the legislative process, but disagreements persist regarding the inclusion of ethics regulations. Key issues include △stablecoin compensation structures △DeFi regulation △and the distribution of oversight authority. In particular, the cryptocurrency business interests of Donald Trump's family have emerged as a political issue, increasing opposition from Democrats." Although 60 votes are needed for Senate passage, making bipartisan agreement essential, there is also a possibility of some defections within the Republican Party. In this regard, an industry official assessed, "The possibility of the market structure bill passing is seen at 15-50%."
