Blackrock Joins Wall Street in Urging Congress to Pass CLARITY Act
Blackrock, the world's largest asset manager, has added its support to the CLARITY Act, a landmark crypto market structure bill. The company views the legislation as a framework for innovation and investor protection.
The Senate is racing against time to advance the bill before its legislative calendar becomes too crowded. Senator Thune expects the Senate's work to extend beyond its August recess, underscoring the limited time lawmakers have to act on the CLARITY Act this year.
Blackrock's endorsement of the CLARITY Act adds Wall Street pressure on Congress to pass the bill. The company's Senior Managing Director and Global Head of Market Development, Samara Cohen, described the legislation as 'an important step toward establishing a regulatory framework for digital assets that puts investors first.'