Crypto
Fidelity Throws Heft Behind CLARITY Act, Urges Senate Action
Fidelity, a financial giant overseeing $7.1 trillion in managed assets, has urged senators to pass legislation establishing a federal regulatory framework for digital assets.
The company's intervention carries unusual financial weight, as Fidelity Investments reported $37.7 billion in 2025 revenue and $18 trillion in assets under administration.
Fidelity already operates cryptocurrency businesses for retail and institutional clients, making its legislative position more consequential than another endorsement from a digital asset advocacy organization.