PANews reported on March 5th that, according to The Block, TD Cowen stated that while President Trump's social media posts regarding the CLARITY bill were constructive, they alone are insufficient to advance the legislative process. Direct presidential involvement in negotiations between banks and the crypto industry is needed to break the current deadlock, a scenario unlikely given the ongoing armed conflict between the US and Iran. The two main obstacles to legislation are stablecoin yields and the conflict of interest. The White House has held numerous closed-door meetings but has yet to reach a compromise. TD Cowen believes that even if the stablecoin yield issue is resolved, the bill will still require the support of at least 10 Democratic senators, and the actual deadline for the CLARITY bill is expected to be before the August recess begins.