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BlockBeats News, April 20th - This week, the United States " Clarity Act " entered a crucial negotiation period, and whether it will receive the long-awaited committee review in April or be postponed to May will depend on recent developments. The Senate Banking Committee began the week focusing on the confirmation hearing of Federal Reserve Chair nominee Kevin Wash. Subsequently, the committee must decide by Friday whether to schedule a discussion on the bill for a vote during the week of April 27th. The banking groups, represented by the North Carolina Bankers Association, are lobbying against the stablecoin yield restriction clause in the bill, urging members to call Senator Thom Tillis's office for amendments. Industry groups are also reportedly reaching out to other committee members. After over two months of negotiations, a compromise was reached between the crypto industry and banks at the end of last month, with the crypto industry being generally satisfied. However, following a White House Economic Advisory Committee report downplaying the risk of stablecoin yields to the banking system, the voices calling for amendments from the banking side have grown stronger. White House Cryptocurrency Committee Executive Director Patrick Witt criticized banks on the X platform, accusing them of "lobbying further out of greed or ignorance." Senator Tillis proposed holding a "crypto carnival" in-person meeting, which could extend the timeline. He emphasized that there are still issues to be negotiated but expressed optimism about scheduling a review in the coming weeks. In addition to the yield issue, the bill also needs to address ethical and DeFi-related clauses. This week's progress will determine the fate of the bill, with the market closely watching.

Odaily reports that the timeline for moving forward with the U.S. "Clarity Act" crypto market structure bill faces uncertainty. The plan, which was originally scheduled for review this month, may be postponed to May due to lobbying pressure from the banking industry. It is reported that some banking associations are dissatisfied with the bill's stablecoin yield restriction provisions and are pressuring members of the Senate Banking Committee to revise the bill. Meanwhile, White House crypto advisor Patrick Witt has publicly criticized these lobbying actions. Currently, the bill still needs consensus on key issues including stablecoin yields, DeFi provisions, and ethics. It remains uncertain whether a review date can be confirmed this week. (Crypto In America)

The Abu Dhabi-regulated tokenization company KAIO has completed an $8 million strategic funding round led by Tether, bringing its total funding to $19 million. KAIO provides infrastructure enabling asset management firms to tokenize and distribute institutional capital on the blockchain, with a minimum investment amount of $100. The company plans to expand into credit, structured products, and ETFs, to launch on-chain funds in partnership with Mubadala Capital, and to introduce USDT liquidity into regulated investment products. Currently, it manages approximately $100 million in assets and has processed over $500 million in transactions.