加密超級政治行動委員會 Fellowship PAC 任命 Tether 美國高管 Jesse Spiro 為主席，推動支持親加密候選人的行動。與此同時，《數位資產市場 CLARITY 法案》（Digital Asset Market CLARITY Act）在參議院受阻，圍繞穩定幣收益政策的爭議影響法案進展。加密產業正加緊遊說，尋求更有利的政策環境。

WisdomTree 表示，《Clarity Act》並非加密與代幣化業務的必要條件，產業創新可在既有監管架構下推進。該公司已推出現貨比特幣 ETF，重點發展貨幣市場基金的代幣化，未來將進一步擴展相關產品。

Cardano 創辦人 Charles Hoskinson 對《Digital Asset Market CLARITY Act》表示強烈質疑，認為該法案可能引發長期負面影響，抑制產業創新，並警告其複雜結構可能加劇產業集中化，利好成熟項目。

TD Cowen 的 Jaret Seiberg 對加密市場結構法案 Clarity Act 的前景表示悲觀，認為法案獲參眾兩院通過的可能性僅為三分之一。近期的穩定幣收益妥協方案未能推動法案進展，可能令加密平台和銀行雙方都不滿意。法案最可能在 7 月下旬推進，但即便此前樂觀的參議員也開始降低預期。

前 a16z crypto 投資人 Sam Broner 與好友 Adam Zuckerman 聯合創立 The Better Money Company，獲得 1000 萬美元種子融資。該公司將建立穩定幣清算所，提供低成本兌換服務，計劃支援遵循 Genius Act 的所有代幣。產品預計數週內上線。

A certain CEX has again expressed to the U.S. Senate that it cannot support the latest draft of the Clarity Act due to core disagreements over stablecoin yield provisions. The CEX has expressed "serious concerns" about the new proposal and pointed out that this regulatory direction has significant implications for its future finances.

On March 26, Polymarket's probability of the Clarity Act becoming law dropped to 54% due to industry disagreements over a compromise proposal on stablecoin yield provisions. A certain CEX expressed dissatisfaction with the compromise text, with divided opinions within the industry affecting stablecoin issuer stock prices. A White House advisor stated the matter will be addressed, with the final text expected to be released this weekend.

研究機構伯恩斯坦指出，市場誤讀《Clarity Act》草案導致Circle股價大跌。該法案限制穩定幣收益分發，並非發行方，Circle的商業模式受影響有限。相較之下，某CEX需重構收益機制。長期來看，限制被動收益可能有利於Circle鞏固市場地位。

Circle Internet Group stock price plummeted 20%, with a market value loss of $4.6 billion, due to the draft "Digital Asset Market Transparency Act" prohibiting passive income provision to stablecoin holders. Despite short-term impacts on application restrictions, analysts believe the act will build regulatory moats for Circle, optimizing its business model. Additionally, Tether commits to accepting audits to enhance transparency. USDC's future performance will influence market trends.