PANews reported on May 11 that, according to Crypto in America, the U.S. Senate Banking Committee has scheduled a formal markup session for the Clarity Act, a bill designed to structure the crypto market, on Thursday. The final text of the relevant provisions is expected to be released before the session, and senators must submit amendments by the deadline. The initial review was temporarily halted due to opposition from industry figures such as Coinbase CEO Brian Armstrong to the stablecoin yield provisions. Currently, crypto institutions like Coinbase have largely accepted the new text, but some banks serving retail customers have sent a letter to the Senate through industry associations, demanding further tightening of "deposit-like interest rates" for stablecoins to prevent depositors from migrating. Meanwhile, some Democratic senators, dissatisfied with the potential conflict of interest provisions related to Trump and his family's involvement in cryptocurrencies, may vote against the bill en masse in the committee, making its passage through the committee along party lines uncertain, but its subsequent securing bipartisan support across the Senate remains to be seen.