🚨NEW: At an event in DC this evening, Senator @berniemoreno was asked about the timeline for crypto market structure legislation. “I think we’re going to get it done by the end of May,” he said. The Ohio Republican warned last month that if the Clarity Act isn’t passed by May, crypto legislation could be off the table for the foreseeable future. On bank objections to stablecoin yield, Moreno said “there’s a lot of noise in the system and it’s completely fake,” while urging banks to “get going with innovation.” A press rep for Moreno did not respond to requests for comment on the possibility of a markup getting pushed to next month.(Eleanor Terrett)