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Coinbase executive: The review process for the CLARITY Act may start as early as next week

2026-05-08 07:49:01
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Kara Calvert, Vice President of U.S. Policy at Coinbase, stated that the CLARITY Act could enter the review stage in the U.S. Senate Banking Committee as early as next week. Calvert said at the Consensus 2026 conference, "My prediction is that we will be reviewing it next week." She pointed out that the bill needs at least 60 votes in the Senate to pass and requires bipartisan support to officially become law.

She stated, "This means you need Democrats. You need a bipartisan-supported bill, and we have been working very hard to ensure that bipartisan cooperation can be maintained. I think the biggest question is how the votes will shape up in the coming days." A survey released by HarrisX on Thursday showed strong, broad, and consistent demand for clear federal rules. More than 70% of voters said the U.S. should have already passed clear cryptocurrency legislation, and 62% said it is important for the U.S. to set global rules for digital finance. Calvert also mentioned that the lack of consistent tax policy is a major "barrier" to institutional adoption of cryptocurrency, adding that tax reform is a bigger issue for institutions than market structure legislation.

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