Gate News Briefing, April 23 — According to The Block, investment bank TD Cowen has identified five major obstacles faced in advancing the Clarity Act, aside from the issue of stablecoin yields. The first obstacle is that the U.S. Commodity Futures Trading Commission (CFTC) currently has only one commissioner, and the process of nominating and confirming additional commissioners could take several months, with the bill's deadline in late July. The second is regulatory issues surrounding prediction markets; including them in the bill could cause Democrats to withdraw support. The third is ongoing attention on the crypto project World Liberty Financial, which is associated with the Trump family, potentially making it difficult for Democrats to support the legislation. The fourth is that Iran has reportedly been discussing requiring ships to pay tolls using cryptocurrencies to pass through the Strait of Hormuz, which could increase pressure on anti-money laundering provisions. The fifth is that the Credit Card Competition Act may have a chance to be included in the crypto legislation. Senator Tillis stated that the Senate Banking Committee could vote on the bill as early as May, and the discount text for stablecoin yields might be released before review. Galaxy Digital estimates that there is about a 50% chance the bill will pass this year.