$7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act
Bitcoin Magazine
$7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act
Investment giant Fidelity is the latest big player to back the latest version of the long-awaited Clarity Act.
The Boston-based firm’s “Public Policy” account on X said Friday that it was urging the Senate to pass the bill.
Lawmakers have been hashing out the crypto market structure bill since last year. A new improved draft circulating the Senate this week bans officials and their families from issuing or promoting crypto — a sticking point for opposition politicians.
“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,” the company said.
Fidelity — which manages around $7 trillion in assets — was joined Friday by crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber, as well as the National Fraternal Order of Police and other politicians in backing the bill.
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