Block Backs CLARITY Act as Senate Weighs Digital-Asset Market Regulation

Financial services company Block Inc. has thrown its support behind the CLARITY Act, a bill aimed at establishing a regulatory framework for the US digital-asset market.

In a letter to the US Senate, Block expressed its backing for the legislation and urged the chamber to bring it to the floor for consideration.

This move is part of a growing chorus of support from major financial firms, including BlackRock, Franklin Templeton, Fidelity, Goldman Sachs, and Charles Schwab.