Tether has frozen $344 million in USDT across two TRON network addresses at the request of U.S. authorities. The wallets were reportedly linked to Iran’s Central Bank and the Revolutionary Guard Corps, with the action highlighting TRON's role as a major stablecoin settlement layer. TRON (TRX) currently trades at $0.32, processing over $85 billion in stablecoin supply and averaging 3.2 million daily active users through Q1 2026. Nasdaq-listed Tron Inc. purchased 152,959 TRX at $0.3269 on April 25, pushing its treasury past 693 million tokens.
Senator Cynthia Lummis confirmed at the Bitcoin 2026 Conference that the Senate will mark up the Clarity Act in May. The stablecoin and market structure bill passed the House eight months ago with a 294 to 134 bipartisan vote but has been stalled in the Senate Banking Committee. Lummis warned that missing this window could push the bill past 2030. Following the news, XRP (XRP) trades at $1.38 within a tight $1.35 to $1.44 band, with spot ETFs pulling $82 million in April. Bitwise leads XRP funds with $425.61 million in total inflows.
