Fidelity joins push for Senate passage of CLARITY Act
Summary
Fidelity urged the US Senate to pass the CLARITY Act, saying clearer digital asset rules would boost investor confidence, give market participants certainty, and support US leadership in crypto markets. The call adds to growing pressure from financial firms and crypto groups, including the Crypto Council for Innovation, Digital Chamber, Blockchain Association, and Coinbase CEO Brian Armstrong, all pushing for Senate action. The CLARITY Act would create a US regulatory framework for digital assets, but it needs 60 Senate votes to advance. Republicans hold a 52-47 majority and released updated bill text, though some Democrats say the ethics provisions still do not adequately address corruption concerns.
