Coinbase Policy VP Says More Democrats Favor Clear Crypto Rules

Coinbase Vice President of U.S. Policy Kara Calvert said more Democrats entering Congress favor clearer cryptocurrency rules, a sign of broader interest in regulation that does not establish support for the stalled CLARITY Act. “There are more Democrats coming into Congress that are pro-crypto than we have ever seen before,” Calvert said Nov. 6. She used “pro-crypto” to describe lawmakers who want clearer rules for their constituents. She did not identify lawmakers or quantify the group, so her statement was an assessment rather than a count of support. Calvert said a new Congress would still need bipartisan backing to advance legislation and that a measure would need 60 Senate votes.

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