The scheduled April markup of the CLARITY Act, a key crypto market structure bill, has been postponed to May. Senator Thomas Tillis, a leading negotiator, emphasized the need for more time to ensure comprehensive stakeholder engagement. The delay follows opposition from the banking industry regarding a stablecoin yield deal and criticism from the White House. The postponement has affected market sentiment, with the probability of the bill's passage dropping to a three-month low of 45% on prediction site Polymarket, before slightly recovering to 48%. The delay raises concerns about the bill's future, especially with the upcoming November midterms. The Digital Chamber, a crypto lobby group, has urged the Senate Banking Committee to expedite the markup process, highlighting the urgency for regulatory clarity in the crypto sector.