Schwab Joins Calls for US Senate to Pass Crypto Clarity Act

Charles Schwab, a leading US brokerage and asset manager, has called on the US Senate to pass the Crypto Clarity Act. The bill, which aims to provide a clearer regulatory framework for digital assets, was passed by the House in July 2025 and is currently pending Senate approval.

Schwarz's endorsement adds significant weight to the ongoing debate over the regulation of cryptocurrencies in the United States. The bill seeks to clarify regulatory oversight between the SEC and CFTC for digital assets, a move that could have far-reaching implications for the industry.

Market pricing indicates a modest uptick in perceived likelihood of the bill passing, although significant hurdles remain before it can become law. Key figures such as Senate Banking Committee Chairman Tim Scott and Senate Majority Leader Chuck Schumer will play crucial roles in advancing the bill.