Fidelity Joins Crypto Industry Groups Backing CLARITY Act Senate Passage

Fidelity, one of the world's largest asset managers, is pushing for Senate passage of the CLARITY Act, which would create a regulatory framework for digital assets in the U.S.

The bill needs 60 votes to clear the Senate, where Republicans hold a slim majority. Despite facing political hurdles and criticism from some Democrats over ethics provisions, Fidelity's backing adds weight to the legislation.

The CLARITY Act aims to strengthen investor confidence, provide more certainty for market participants, and support U.S. competitiveness in global crypto markets.