Negotiations around the CLARITY Act are still ongoing, with representatives from both the banking sector and the crypto industry discussing the document. Meanwhile, a recent poll shows that the bill is receiving support from both Republicans and Democrats.
At Coinbase, they believe that as early as next week, the CLARITY Act may begin to be considered by the Senate Banking Committee.
“I think they will return to discussing the bill as soon as next week,” said Kara Calvert at the Consensus 2026 conference in Miami.
She added that the Senate will need at least 60 votes to pass the document. Therefore, without some Democratic votes, the law cannot pass.
“Bipartisan support is needed. We are all actively working now to maintain support from both sides. The main question is how the votes will be distributed in the next few days,” she added.
A HarrisX poll published on Thursday showed that most American voters support the introduction of clear federal rules for the crypto market.
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About 70% of respondents believe that the US should have adopted proper crypto regulation long ago. Another 62% are confident that Washington should play a key role in shaping rules for the digital finance market.
In January, the situation around the CLARITY Act noticeably stalled after Coinbase refused to support the bill. At the time, the company cited several issues, including insufficient protection for open-source software developers, a ban on yield for stablecoins, and some points related to DeFi.
Taxes Remain a Problem for Major Players
Calvert also stated that major investors still lack clear tax rules for the crypto market. According to her, for institutions, this issue is even more important than market structure regulation.
Calvert explained that many companies are ready to buy cryptocurrency, hold it on their balance sheets, or simply trade digital assets. But everything comes down to overly complicated tax rules and the volume of reporting.
Support for the CLARITY Act among US voters. Source: HarrisX
She also noted that under current requirements, crypto exchanges have to report to the IRS on almost every transaction using 1099-DA forms.
“We send millions of 1099-DA forms even for $1 transactions. It just doesn’t make sense,” she said.
Calvert expects that the topic of tax reform for the crypto market will begin to gain momentum again in 2026.
She recalled that US lawmakers have already introduced several initiatives related to the taxation of digital assets. Among them is the Digital Asset PARITY Act, which was introduced in March by Max Miller and Steven Horsford.
According to Calvert, the Senate may return to this issue in the near future.
“I think we will see movement in the Senate. And in the House of Representatives, bills may appear within the next month or two,” Calvert added.
