PANews April 20th news, according to Crypto in America, the U.S. Senate Banking Committee is advancing key negotiations on the Clarity Act stablecoin legislation during a critical week, with the bill review originally planned for the week of April 27 likely to be postponed to May due to banking industry lobbying. Industry lobbying groups, including the North Carolina Bankers Association, are concentrating their efforts on pressuring Senator Thom Tillis's office to reevaluate the stablecoin yield limitation provisions in the current draft; previously, Tillis led a compromise plan between the crypto industry and banking sector, which was only shown to a few representatives in the industry, and the text has not been made public. Patrick Witt, Executive Director of the White House Crypto Council, stated on X that the banking side's continued lobbying is difficult to explain with motivations other than “profit-driven or ignorance.” Besides the yield provisions, the bill's contents related to ethical constraints and DeFi regulation are still subject to further negotiation, and there remains uncertainty about whether a formal review timetable can be established this week.

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