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Coinbase Executive: The review process for the "CLARITY Act" may possibly begin as early as next week
BlockBeats News, May 8—Coinbase’s U.S. Policy Vice President Kara Calvert said that the CLARITY Act could enter the review stage as early as next week in the U.S. Senate Banking Committee. Calvert said at Consensus 2026: “My prediction is that we will have a review next week.” She noted that the bill needs at least 60 votes of support in the Senate to pass, and it also needs bipartisan support to officially become law.
She said, “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 issue is how the votes will take shape in the coming days.” A survey released by HarrisX on Thursday showed strong, widespread, and consistent demand for clear federal rules. 70% of voters said the U.S. should already have passed clear cryptocurrency legislation, and 62% said it is important for the U.S. to set global rules for digital finance.
Calvert also said that the lack of consistent tax policies is a major “obstacle” to institutional adoption of cryptocurrencies, and added that tax reform is a bigger issue for institutions than market-structure legislation.