PANews April 23 news, according to crypto reporter Eleanor Terrett, U.S. Senator Bernie Moreno stated at an event in Washington that legislation on the structure of the crypto market is expected to be completed by the end of May. Moreno warned last month that if the "Clarity Act" fails to pass in May, crypto legislation may not advance in the foreseeable future.

In response to banks' objections to the yields on stablecoins, Moreno stated, "There is a lot of noise in the system, completely false," and urged banks to "accelerate the pace of innovation."

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