$7 Trillion Asset Manager Fidelity Throws Support Behind New Crypto Clarity Act

Asset management giant Fidelity has publicly voiced its support for the updated version of the Clarity Act in the United States. The firm posted on its X account a call for the Senate to pass the legislative bill, which seeks to establish a comprehensive regulatory framework for the crypto market structure.

Fidelity urges Senate passage of the CLARITY Act. The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets.

- Fidelity Public Policy (@FidelityPolicy) July 24, 2026

This stance carries particular weight given that Fidelity manages around $7 trillion in assets and operates institutional financial vehicles such as spot Bitcoin ETFs. The updated legal text prohibits high-ranking federal officials and their families from issuing or promoting digital assets, a crucial negotiated point aimed at achieving bipartisan consensus and boosting institutional investor confidence in global markets.

… Continue reading the full article at the original source below.