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Coinbase executive: CLARITY crypto market structure bill may be reviewed as early as next week

2026-05-08 00:12

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

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