PANews April 23 report, according to The Block, the U.S. crypto market structure bill, the CLARITY Act, has made strides concerning stablecoin rewards, with negotiations entering a "good state." Senators Angela Alsobrooks and Thom Tillis are working to tackle this key issue—the GENIUS Act prohibits stablecoin issuers from paying interest directly to holders but doesn't stop platforms like Coinbase from offering rewards. The banking sector opposes this clause, arguing that such yields could siphon off bank deposits, while crypto companies believe that restricting rewards would stifle innovation. A spokesperson for the senators noted that while the stablecoin yield issue is in a good state, illegal finance and ethical concerns still need to be addressed. Senator Alsobrooks is more focused on the substance rather than the timeline. The Senate Banking Committee plans to hold hearings for amendments and voting, but Senator Tillis indicated that it’s unlikely to happen in April. Previously, there were views suggesting that if crypto legislation is not passed before May, it may not be achievable in the "foreseeable future."