BlockBeats News, May 8th, Coinbase's Vice President of U.S. Public Policy Kara Calvert stated that the CLARITY Act could enter the deliberation stage in the U.S. Senate Banking Committee as early as next week. Calvert said during the Consensus 2026 conference, "My prediction is that we will have a markup next week." She noted that the bill would require at least 60 votes in the Senate to pass and bipartisan support to become law.

She said, "That means you need Democrats. You need a bipartisan bill, and we've been working very hard to ensure that bipartisan cooperation has been maintained. I think the biggest question is, how the votes will shape up in the coming days." A survey released by HarrisX on Thursday showed a strong, broad, and consistent demand for clear federal rules. Over 70% of voters believe the U.S. should already have passed clear cryptocurrency legislation, and 62% believe it is important for the U.S. to establish global rules for digital finance.

Calvert also stated that a lack of consistent tax policies is a key "barrier" for institutions adopting cryptocurrency, adding that tax reform is a bigger issue for institutions than market structure legislation.