Joshua Riezman, Chief Legal and Strategy Officer at GSR, expressed skepticism about the Clear Act's chances of passing in the current Congressional session, citing less than a 50% likelihood. Speaking at the Consensus Miami conference, Riezman highlighted the Senate Banking Committee's deadlock over stablecoin yields as a significant barrier. Despite bipartisan efforts to reach a compromise, over 100 amendments have been proposed, complicating the bill's progress. Riezman's cautious outlook contrasts with Coinbase's Paul Grewal, who remains optimistic about the bill's summer passage. Riezman warned that further delays could harm U.S. competitiveness by leaving consumers without necessary protections. He remains optimistic about the long-term growth of the stablecoin market, predicting it could expand to $1-3 trillion, with significant tokenization of major stock exchanges in the coming years.