U.S. Congressional representatives may be on the verge of a breakthrough on the long-stalled CLARITY Act, with reports indicating that banking and cryptocurrency industry representatives could soon announce a preliminary agreement. While key issues such as stablecoin incentive mechanisms remain unresolved, Senate staff have indicated that negotiations regarding stablecoin yields are "99% complete." According to reports, Senate Republicans are considering a strategic move to include provisions deregulating community banks in the cryptocurrency legislation to ensure broader support for another housing bill.