The U.S. Senate Banking Committee is set to vote on the CLARITY Act on May 14, but the bill encounters significant obstacles, according to Jaret Seiberg, Managing Director at TD Cowen. Key issues include stablecoin yield regulations and ethical provisions, which remain contentious among stakeholders like Coinbase, the broader crypto industry, and banks. Even if the bill passes the committee, it must be reconciled with the Agriculture Committee's version and secure 60 votes in the full Senate, a challenging feat given the competing interests involved.