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Coinbase Executive: The review process for the "CLARITY Act" may possibly begin as early as next week
Mars Finance News, on May 8th, Coinbase US Policy Vice President Kara Calvert stated that the CLARITY Act could earliest enter the review stage next week in the US Senate Banking Committee. Calvert said at Consensus 2026: “My prediction is that we will have a review next week.” She pointed out that the bill needs at least 60 votes in the Senate to pass and requires bipartisan support to become law officially. She said, “This means you need Democrats. You need a bipartisan-supported bill, and we have been working very hard to ensure bipartisan cooperation can be maintained. I think the biggest issue is how the votes will shape in the coming days.” A survey released by HarrisX on Thursday showed strong, widespread, and consistent demand for clear federal rules. Over 70% of voters believe the US should have already passed clear cryptocurrency legislation, and 62% say it is important for the US to set global rules for digital finance. Calvert also stated that the lack of consistent tax policies is a major “obstacle” for institutional adoption of cryptocurrencies, and added that tax reform is a bigger issue for institutions than market structure legislation.