Congressional efforts to pass the Digital Asset Clarity Act remain stalled over contentious stablecoin 'yield versus rewards' provisions, creating uncertainty for the crypto industry as midterm elections approach. According to CoinGeek, stakeholders failed to reach the promised compromise last week, despite Coinbase's Chief Legal Officer Paul Grewal expressing confidence about a deal within 48 hours on April 1st. The banking sector continues to oppose crypto platforms offering rewards to stablecoin holders, fearing massive deposit flight from traditional savings accounts to higher-yielding crypto platforms. Meanwhile, crypto companies argue these restrictions would stifle innovation and consumer choice in the digital asset space. TD Cowen analysts have grown increasingly pessimistic about passage before November's midterms, suggesting Washington's attention may shift away from crypto legislation. This delay could impact the broader regulatory framework that industry participants have been eagerly awaiting, particularly as the SEC simultaneously advances its own Regulation Crypto initiative.