Cynthia Lummis, chair of the U.S. Senate Digital Assets Banking Subcommittee, chaired a roundtable in Wyoming to discuss the state’s digital asset regulation and the two-track banking system, emphasizing Wyoming’s leading position in the digital asset space and its influence on federal policy.

Multiple U.S. law enforcement groups oppose the provisions in the Senate's crypto market structure bill that protect DeFi developers, arguing that it would weaken the government's ability to combat financial crime. The bill's proposed amendments have triggered a bipartisan rift, and it remains unclear whether it can move forward in the future.

As the XRP price enters a key policy window, the progress of the U.S. Senate's “CLARITY Act” over the next three weeks will affect its 2026 outlook. XRP is currently trading at about $1.34; if the bill passes smoothly, it could bring in $4.0 billion to $8.0 billion in capital inflows, driving the price higher. Otherwise, it will depend on the broader macro environment and could fall to below $1.20. Policy progress is the dominant factor right now, and April will become a crucial turning point.

Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.

Gate News update: On April 2, crypto reporter Eleanor Terrett disclosed that the text of the U.S. stablecoin yield bill will not be released as scheduled later this week. The delay is due to concerns among the relevant parties that an early release of the bill text would give opponents an opportunity to delay the bill before it is considered in the Senate.

Crypto Super Political Action Committee Fellowship PAC appoints Tether U.S. executive Jesse Spiro as chair, pushing for action supporting pro-crypto candidates. Meanwhile, the “Digital Asset Market CLARITY Act” is stalled in the Senate, with controversy over stablecoin yield policy affecting the bill’s progress. The crypto industry is stepping up lobbying efforts, seeking a more favorable policy environment.

Texas Senate vice governor Dan Patrick announced that the forecast market, cryptocurrency, and blockchain research will be priorities for the next legislative session, aiming to advance the Texas conservative agenda. Texas will evaluate cryptocurrency ATMs and strengthen coordination of federal regulatory efforts, while also focusing on the legal compliance of prediction markets. In addition, Patrick proposed studying the impact of artificial intelligence on the workforce. Texas markets and investors will closely watch the development of relevant policies.

TD Cowen’s Jaret Seiberg is pessimistic about the outlook for the Clarity Act, the crypto market structure bill, saying the odds of the bill passing both the House and the Senate are only one-third. A recent compromise proposal on stablecoin yield returns failed to move the bill forward, which could leave both crypto platforms and banks dissatisfied. The bill is most likely to advance in late July, but even optimistic senators have begun to lower their expectations.

The U.S. Senate is accelerating the推进《Digital Asset Market Clarity Act》, and it is expected to enter the review stage in April 2026. The bill has adjusted stablecoin yield, and the DeFi sector will receive clearer protection. Regulatory responsibilities are clearly divided, with the CFTC and SEC each overseeing the regulation of digital commodities and investment contracts. The bill’s progress is tied to crypto market regulation and the direction of global policy.