PANews reported on April 27th, citing CoinDesk, that the Clarity Act, the US crypto market structure bill, made no public progress in April, and the legislative window is closing as Congress approaches its summer recess. Memorial Day on May 25th is considered the "deadline" for the bill's advancement, after which lawmakers will leave Washington to campaign. Before Congress adjourns, issues such as Department of Homeland Security appropriations and the nomination of the Federal Reserve Chair still need to be addressed. The Senate Banking Committee has not yet scheduled a token hearing, a first step towards the bill's passage. The issue of stablecoin yields remains a major point of contention, and other issues have not been publicly resolved. Even if the Senate passes the bill, the House of Representatives will need to hold a new vote. Last week, over 100 crypto companies signed an open letter urging the Senate Banking Committee to expedite the bill's consideration.