PANews reported on April 12 that, according to Cointelegraph, U.S. Senator Cynthia Loomis has called for the swift passage of the CLARITY Act to clarify the regulatory framework for the cryptocurrency industry, stating that this is the last chance to pass the bill before 2030, otherwise the U.S. may have to wait nearly four more years to promote the development of the crypto industry.

Former White House AI and cryptocurrency czar David Sachs, SEC Chairman Paul Atkins, and others have voiced their support for the bill, while industry institutions and individuals such as A16z Crypto, Coinbase, and Immutable have also expressed their anticipation. Coinbase's Chief Legal Officer revealed that the bill may soon enter the Senate Banking Committee for review, but disagreements over stablecoin yields remain a key factor in its progress. It is understood that the bill has already passed the House of Representatives and is currently awaiting Senate review; industry concerns exist that the November midterm elections may slow the legislative process.