CLARITY Act Might Face Another Delay, Not Before April

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Key Highlights 

Senate Majority Leader John Thune said that the CLARITY Act will not pass out of the Senate Banking Committee before April, facing another major delay
While banks are demanding strict limits on yields and incentives for stablecoins, the crypto industry is opposing this demand
The delay in the regulatory process might raise legal risks for companies 

On March 12, Senate Majority Leader John Thune reportedly informed reporter Brendan Pedersen that the Digital Asset Market Clarity Act (CLARITY Act) is not likely to pass out of the Senate Banking Committee before April. 
This could add another delay in the progress of the major regulatory framework for the digital asset market and break the hope of millions of crypto users who were expecting it to pass soon. 

NEW: Senate Majority Leader @LeaderJohnThune told @BrendanPedersen he doesn’t expect the Clarity Act to pass out of the Senate Banking Committee before April. pic.twitter.com/TGVjHkzWxd
— Eleano

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