Wall Street Giants Rally Behind CLARITY Act as Crypto Regulation Vote Nears

TL;DR:

• Wealth management firms such as BlackRock, Fidelity, and Goldman Sachs expressed public support for the legislative proposal during the last week of July 2026.
• The initiative aims to outline regulatory jurisdiction over digital assets between the SEC and the CFTC under a unified federal framework.
• The revised draft text includes anti-money laundering requirements and incorporates ethics clauses targeting government officials.

Major financial services corporations are ramping up pressure for the U.S. Senate to pass the CLARITY Act. This Tuesday, several Wall Street institutions voiced their support for passing the regulation ahead of Congress’s summer recess. 

The proposal, introduced under the identifier H.R. 3633 and formally known as the Digital Asset Market Clarity Act, seeks to establish clear jurisdictions within the U.S. market. Entities of the scale of BlackRock, Fidelity Investments, Charles Schwab, Franklin Templeton, and Goldman Sachs issued official statements requesting the progression of this legislation. Collectively, the supporting firms manage a global volume of assets between $30 trillion and $50 trillion, according to industry records at the close of the second quarter of 2026.

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