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Coinbase Executive: CLARITY Crypto Market Structure Bill May Be Reviewed as Early as Next Week

2026-05-08 00:12

Kara Calvert, Vice President of US Policy at Coinbase, stated at the Consensus 2026 conference that the CLARITY crypto market structure bill could be reviewed by the US Senate Banking Committee as early as next week. Kara Calvert noted that the bill requires at least 60 votes to pass in the Senate, and efforts are currently underway to secure bipartisan support.

A HarrisX survey shows that 70% of voters believe the US should enact clear cryptocurrency legislation. Additionally, Kara Calvert believes that the lack of coherent tax policies is a major obstacle to institutional adoption of cryptocurrencies. Current tax rules require crypto exchanges to record every transaction as low as $1. She expressed hope that tax reform legislation will make progress in 2026 and predicted that the House of Representatives may take action on related legislation within the next month or two.