The U.S. Senate has scheduled a late-April committee markup for the crypto market structure Clarity Act, with passage targeted for May. A central unresolved issue is whether the bill will ban passive yield on stablecoin balances. That provision is significant for major crypto firms because it could affect Coinbase’s approximately $1.35 billion in annual revenue tied to stablecoin-related business. The update adds a legislative timeline to earlier expectations that senators would release compromise text on stablecoin yield and rewards as part of broader Clarity Act discussions.