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Fidelity Joins Senate Push for CLARITY Act with Crypto Coalition
Fidelity added its name to a coalition urging the Senate to pass the CLARITY Act, which would set clearer market structure rules for crypto. The push aims to reduce regulatory uncertainty for firms and investors.
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Fidelity added its name to a coalition of crypto firms and industry groups urging the Senate to pass the CLARITY Act, a bill that would set market structure rules for digital assets. The coalition made the announcement Wednesday, laying out a coordinated push for legislation that backers say would reduce regulatory uncertainty for firms operating in the space.
The CLARITY Act aims to define how crypto firms register, what compliance looks like, and which agency oversees the market. Supporters argue the current patchwork of guidance leaves companies exposed to legal risk and slows product development. “We need a framework that accommodates how digital assets work, not force them into boxes built for older markets,” a Fidelity representative said in a statement.