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Coinbase executives predict CLARITY crypto market structure bill to enter Senate markup for review as early as next week
Deep Tide TechFlow News, May 8th, according to Cointelegraph, Coinbase US Policy Vice President Kara Calvert stated at the Miami Consensus 2026 Conference that the CLARITY crypto market structure bill could be marked for review as early as next week in the U.S. Senate Banking Committee, but the bill requires at least 60 votes to pass the Senate, with bipartisan support being crucial. HarrisX’s latest poll shows that 70% of voters believe the U.S. should have passed clear crypto legislation, and 62% support the U.S. leading the development of global digital financial rules.
Additionally, Calvert pointed out that unclear tax policies are the biggest obstacle for institutions adopting crypto assets. Currently, the IRS requires exchanges to issue 1099-DA forms for every transaction (including small transactions of $1), which imposes a heavy compliance burden. She expects related tax reform legislation to make progress in Congress within the next one to two months.