According to a report by DLNews, Ripple CEO Brad Garlinghouse stated that the negotiation process for the Clarity Act is "not going smoothly," but all parties are closer than ever to reaching a consensus. Currently, the core disagreement between the cryptocurrency industry and banking representatives lies in whether stablecoins can pay yields to customers. Garlinghouse expects the bill to be legislated by the end of May and believes that, once implemented, it will encourage more large financial institutions to deeply engage in the cryptocurrency industry.