# U.S. CLARITY Act Poised for New Progress This Week: Negotiations Near Completion, Stablecoin Yield Debate Expected to Reach Consensus

According to CoinDesk on March 20, negotiations on the U.S. crypto market structure bill, the CLARITY Act, have been ongoing for several weeks and are currently at a critical "nearly finalized" stage.

According to informed sources, the updated legislative text was submitted to the White House for review on Thursday, and Senate Banking Committee Republicans held a special meeting that day to discuss how to bridge the final key differences.

This development signals that the long-standing dispute surrounding stablecoin yields in the cryptocurrency industry is finally approaching resolution, marking a crucial breakthrough in advancing the bill's objectives.

Although banking and cryptocurrency enterprises had previously disagreed sharply on the structure of stablecoin reward programs, informed sources indicate that this dispute is nearing its end.

Despite making some progress, two key demands raised by Democrats could still become obstacles to the bill's final passage.

First, they insist on requiring a ban preventing government officials from profiting from personal crypto interests, a provision mainly targeting Trump personally;

Second, Democrats also require that Democratic commissioners be appointed to fill vacancies at the Commodity Futures Trading Commission (CFTC) before the agency implements new rules.

Both of these controversial points may require concessions from the White House, and crypto insiders believe that these contentious issues will be the final points settled by lawmakers in drafting the final bill.

On the legislative advancement front, Senator Cynthia Lummis stated that Coinbase CEO Brian Armstrong has demonstrated a more flexible attitude in recent negotiations, a shift that is significant.

Armstrong's earlier opposition to early drafts had blocked Senate hearings. Now that his stance has softened, it could remove key obstacles to the bill's advancement, indicating that all parties are working to reach consensus.

Meanwhile, regulators are also actively cooperating with the legislative process. The SEC released its first crypto asset classification definitions this week, providing a clearer framework for industry regulation.

This statement indicates that regulators are preparing for the new legal framework and are willing to work closely with the legislative branch to jointly promote the healthy development of the U.S. cryptocurrency market.

#CLARITYAct