Coinbase Executive: The review process for the "CLARITY Act" may possibly begin as early as next week

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Golden Finance reports that on May 8th, Coinbase’s Vice President of U.S. Policy, Kara Calvert, stated that the CLARITY Act could potentially enter the review stage in the U.S. Senate Banking Committee as early as next week. Calvert said at Consensus2026, “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 stated, “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 up 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 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 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.

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