BlockBeats news, on March 28, U.S. Senator Cynthia Lummis stated that the latest revisions to the CLARITY Act will provide protection for DeFi and developers, and countered the concerns raised by cryptocurrency lawyer Jake Chervinsky regarding non-custodial developers potentially being classified as money transmitters and bearing KYC obligations, claiming that the relevant provisions have been adjusted during bipartisan negotiations. The bill is expected to enter the Senate Banking Committee review phase in April.

The U.S. Senate has introduced the "Financial Prediction Markets Public Integrity Act," aimed at stopping government officials from trading event contracts using non-public information. The bill covers multiple officials, with violators facing severe economic penalties and transparency requirements. This legislation reflects the rising demand for regulation of prediction markets, signaling that they will become mainstream financial instruments.

BlockBeats message, March 27, according to Cointelegraph, Tim Scott, chair of the U.S. Senate Banking Committee, said that crypto market structure legislation has received bipartisan support, and that agreement within the industry is the final obstacle.

Gate News reports that on March 27, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that bipartisan support has been gained for cryptocurrency market structure legislation, with industry consensus being the final obstacle. Tim Scott revealed that he has communicated with a certain exchange, and all parties are still at the negotiating table.

U.S. Senator Warren has asked MrBeast and his CEO to explain the reasons for acquiring the crypto investment app Step, which previously provided scripts for teenagers to invest in cryptocurrencies, raising regulatory concerns. Although Step claims it is for educational purposes, there are compliance risks. Warren has requested a response by April 3, 2026, to assess the regulatory impact of minors' investments.

A certain CEX has again stated 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 expressed "serious concerns" about the new proposal, noting that this regulatory direction would have significant financial implications for its future.

The U.S. Senate voted to confirm Marin as Secretary of Homeland Security, calling for swift passage of a budget bill to restart the department. The Department of Homeland Security currently faces a shutdown, with related event probabilities fluctuating. Marin supports Trump's immigration policies and has pledged to reduce media attention.

House Republicans rejected the Senate's legislative deal proposal, which attempted to combine a community bank deregulation bill with a cryptocurrency bill in exchange for support for a housing affordability bill. The House Financial Services Committee expressed skepticism about this approach and hopes that the Senate will also adopt the House's housing proposal.

The latest draft of the CLARITY Act, being advanced by the U.S. Senate, prohibits stablecoin service platforms from offering yield to holders, which could impact the business models of stablecoins. While the draft allows certain rewards unrelated to account balances, the vague "economic equivalence" provision has sparked market concerns. The act is expected to enter the review stage in April and will have far-reaching implications for the crypto industry.

Cryptocurrency industry professionals first saw revised provisions of the Digital Asset Market Clarity Act at a conference on Capitol Hill in Washington, which prohibit profiting from holding stablecoins and restrict practices similar to bank deposits. The breakthrough compromise allows activity-based rewards but not balance-based ones. The bill's progress still needs to address DeFi regulation and other obstacles.