PANews April 28 news, according to Crypto In America, as the U.S. Senate Banking Committee is expected to review the Clarity Act in May, the cryptocurrency industry is closely watching the legislative time window. Ji Kim, CEO of the Crypto Innovation Council, pointed out that the actual time available for the Senate to advance the bill is only about 9 to 10 weeks. After the bill was postponed for review in January due to a lack of key industry support, Senator Thom Tillis called for more time to submit a compromise plan for stablecoin yields and rewards to bankers, while groups like the North Carolina Blockchain Initiative are urging swift progress. Senator Cynthia Lummis stated at a Bitcoin conference that the bill will be reviewed in May, potentially the week of May 11 at the earliest. If the outstanding issues regarding stablecoin yields, ethics, and decentralized finance are resolved in a timely manner, the bill may advance in the Senate Banking Committee. The committee also plans to advance the confirmation of Federal Reserve Chairman nominee Kevin Warsh before the recess.

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