[Analyst: Clarity Act Legislative Prospects Still Face Resistance] Odaily Planet Daily News – The U.S. Senate Banking Committee has advanced the crypto market structure bill, the 'Clarity Act,' with 15 votes in favor and 9 against. The bill aims to establish a comprehensive regulatory framework for the crypto industry at the federal level for the first time and has garnered support from Democratic Senators Ruben Gallego and Angela Alsobrooks. While the industry generally views the committee's approval as a positive development, analysts believe the bill still faces significant obstacles before becoming law. TD Cowen has raised the probability of the bill's passage from roughly one-third to 40%, noting that some Democratic lawmakers are now willing to explore paths of support, though substantive disagreements remain unresolved. Previously, the bill had been hindered by issues such as stablecoin yield arrangements, conflicts of interest, and ethical provisions. Additionally, to overcome prolonged debates in the Senate, the bill will still need more Democratic support than it currently has. Benchmark analysts also pointed out that the current number of supporting votes is insufficient to ensure its final passage. (The Block)