Coinbase Pulls Support for US Bill: VP Kara Calvert Reveals Tipping Point for 2026 Policy

The crypto giant just hit the brakes. Coinbase has officially come out against key US legislation just hours before its scheduled markup, sending shockwaves through the financial sector.

Inside Coinbase US Legislation Opposition

According to Reuters, Kara Calvert, Vice President of US Policy at Coinbase, clarified the firm's sudden pivot. She explained that specific amendments introduced at the last minute fundamentally altered the bill's impact on digital asset innovation.

Calvert noted that while the company had been at the negotiating table for months, the final text became untenable. The bill, which targets implementation by 2026, supposedly shifted toward overly restrictive measures that could stifle decentralized technology development.

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The Stakes for Digital Asset Markets

This opposition marks a significant escalation in the ongoing battle between Silicon Valley and Washington. If the bill passes without industry support, it could trigger a series of legal challenges and potentially drive crypto firms to move operations offshore.