The US Senate will review the Clarity Act, proposing to restrict stablecoin interest payments

According to CoinDesk, the US Senate is expected to review the Clarity Act clause by clause on May 14th. The draft bill proposes to prohibit the payment of interest on stablecoin balances, impose a maximum fine of $5 million on violators, and include the US Treasury Department as a rule making agency alongside the SEC and CFTC. Despite high market attention, the Bitcoin options market has not significantly accounted for event risk. According to Block Scholes data, the implied volatility of BTC short-term options has dropped to about 30%, approaching the low point of the year.