BlackRock, Fidelity, other Wall Street giants back the Clarity Act
CoinDesk 2026-07-28 16:08:19
Context: Major financial institutions, including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi, have publicly expressed their support for the Clarity Act, a crypto market structure bill, as the Senate's timeline for consideration draws near. The bill aims to establish clear regulations for the crypto market. The endorsement by these Wall Street giants signals a significant development in the ongoing efforts to shape the future of cryptocurrency legislation.
Key Facts
- The Clarity Act, a crypto market structure bill, has garnered public support from prominent financial institutions such as BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi.
- The Senate's timeline for consideration of the bill is tightening, prompting these major players to publicly endorse the legislation.
- The institutions that have backed the Clarity Act include investment management companies BlackRock and Fidelity, investment banks Goldman Sachs and Franklin Templeton, and financial services company SoFi.