Investment bank TD Cowen states that, aside from the issue of stablecoin yields, the crypto bill "Clarity Act" still faces multiple obstacles, including a lack of sufficient Commodity Futures Trading Commission (CFTC) commissioners, regulatory disputes over prediction markets, political concerns raised by the World Liberty Financial project related to the Trump family, anti-money laundering pressures from Iran's use of crypto payments, and the possible inclusion of the "Credit Card Competition Act" in the legislative process; meanwhile, the stablecoin yield restriction plan is still under negotiation, with a vote expected as early as May. Overall, the bill's passage remains uncertain, requiring bipartisan compromise and higher-level political support. (The Block)