PANews reported on April 23 that, according to The Block, the CLARITY Act, the US crypto market structure bill, has made progress on the issue of stablecoin rewards, with negotiations entering a "good state." Senators Angela Alsobrooks and Thom Tillis are working to resolve this key sticking point—the GENIUS Act prohibits stablecoin issuers from directly paying interest to holders, but does not prevent platforms like Coinbase from offering rewards. The banking industry opposes this provision, arguing that such returns would siphon off bank deposits, while crypto companies believe that restricting rewards would stifle innovation. A senator spokesperson stated that while the stablecoin yield issue is in good shape, illicit finance and ethical concerns still need to be addressed. Senator Alsobrooks is more focused on substantive content than timelines. The Senate Banking Committee plans to hold hearings on amendments and a vote, but Senator Tillis indicated that April is unlikely. Previously, it was argued that if crypto legislation is not passed by May, it will not pass in the "foreseeable future."