According to Cointelegraph, Kara Calvert, Vice President of U.S. Policy at Coinbase, stated at the Consensus 2026 conference in Miami that the CLARITY Crypto Market Structure Act could potentially receive a markup vote as early as next week in the U.S. Senate Banking Committee; however, the bill requires at least 60 votes to pass in the Senate, making bipartisan support critical. A recent HarrisX poll shows that 70% of voters believe the U.S. should already have clear crypto legislation, and 62% support the U.S. leading the development of global digital finance rules. Additionally, Calvert noted that unclear tax policies remain the biggest barrier to institutional adoption of crypto assets, as the current IRS requirement for exchanges to issue Form 1099-DA for every transaction—including those as small as $1—imposes an excessive compliance burden. She expects progress on related tax reform legislation in Congress within the next one to two months.
Coinbase Executive Predicts CLARITY Bill Could Enter Senate Markup Next Week
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Summary
Kara Calvert, Coinbase’s Vice President of U.S. Policy, said at the Miami Consensus 2026 conference that the CLARITY bill could enter markup by the Senate Banking Committee next week. The bill requires 60 votes to pass and depends on bipartisan support. Calvert also highlighted unclear tax policies as a major barrier to institutional adoption, particularly the IRS’s 1099-DA form requirement. She anticipates tax reform to advance in Congress within one to two months. Meanwhile, BTC remains a hedge against inflation, and CFTC regulations could shape the broader regulatory framework.
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