On April 2, Paul Grewal, the Chief Legal Officer of a certain CEX, said in an interview that the debate over stablecoin yield in the United States’ soon-to-be released “CLEAR Act” is nearing an agreement. He emphasized that although there are disagreements, all parties recognize that other elements of the bill are just as important, and he is optimistic about the bill’s prospects. Grewal opposed conflating the issue of stablecoin yield with challenges facing the banking industry. The CEX and its CEO previously opposed a proposal to limit stablecoin rewards, saying it would harm innovation and consumers’ interests.

The U.S. Department of the Treasury issued the broad principles of Section 4(c) of the GENIUS Act, which require that state-level regulation be materially similar to the federal framework, including consistency of standards and requirements that allow adjustments based on local circumstances. It applies to state-qualified issuers of payment stablecoins with issuance of no more than $10 billion.

Crypto Super Political Action Committee Fellowship PAC appoints Tether U.S. executive Jesse Spiro as chair, pushing for action supporting pro-crypto candidates. Meanwhile, the “Digital Asset Market CLARITY Act” is stalled in the Senate, with controversy over stablecoin yield policy affecting the bill’s progress. The crypto industry is stepping up lobbying efforts, seeking a more favorable policy environment.

Recently, discussion around the XRP market has heated up, mainly due to the actions of institutional investors and expectations of regulation under the CLARITY Act. If the bill passes, it would strengthen market confidence and attract institutional capital, but price volatility would still be influenced by supply and demand and the broader economic environment. The community’s views on XRP’s prospects vary, so investors need to pay attention to long-term trends and fundamental analysis.

Former White House communications director Anthony Scaramucci pointed out that the CLARITY Act is running into obstacles, which could leave the 2026 crypto market facing long-term uncertainty. The bill is being blocked mainly due to political factors and resource depletion; in the short term, the regulatory framework will be difficult to implement, affecting market structure. However, he remains optimistic about Bitcoin’s long-term outlook and believes its Future still has upside potential.

Federal Reserve Board Governor Michael Barr emphasized that stablecoins must develop under strict regulation, warning that a lack of safeguards could repeat the history of problems caused by private currencies. He noted that while the GENIUS Stablecoin Act has provided an initial framework, it needs stronger enforcement and oversight to ensure the safety and liquidity of reserve assets and to prevent potential financial stability risks.

WisdomTree says the 《Clarity Act》 is not a necessary requirement for crypto and tokenization businesses, and that industry innovation can be advanced under existing regulatory frameworks. The company has already launched a spot Bitcoin ETF, focusing on developing tokenized money market funds, and will further expand related products in the future.

Cardano founder Charles Hoskinson expressed strong doubts about the “Digital Asset Market CLARITY Act,” saying the bill could have long-term negative effects, stifle innovation in the industry, and warning that its complex structure may further drive industry consolidation, favoring established projects.

TD Cowen’s Jaret Seiberg is pessimistic about the outlook for the Clarity Act, the crypto market structure bill, saying the odds of the bill passing both the House and the Senate are only one-third. A recent compromise proposal on stablecoin yield returns failed to move the bill forward, which could leave both crypto platforms and banks dissatisfied. The bill is most likely to advance in late July, but even optimistic senators have begun to lower their expectations.

Former a16z crypto investor Sam Broner and friend Adam Zuckerman co-founded The Better Money Company, raising a $10 million seed round. The company will build a stablecoin clearinghouse, provide low-cost exchange services, and plans to support all tokens that comply with the Genius Act. The product is expected to launch within weeks.