Fidelity Joins Growing Push For Senate Vote On CLARITY Act

Fidelity has publicly called on the US Senate to pass the CLARITY Act, arguing that clear digital asset regulations are needed to strengthen investor confidence, provide market certainty, and reinforce US leadership in global crypto markets. The asset management giant joins a widening coalition of financial firms and crypto organizations pressing lawmakers to move forward with the legislation.

Fidelity’s statement follows a similar push earlier Friday from the Crypto Council for Innovation, the Digital Chamber, and the Blockchain Association, all of which urged Senate leaders to bring the bill to the floor. Coinbase CEO Brian Armstrong also called for a full Senate vote earlier in the week, adding further weight to the growing industry campaign.

Bill Still Faces Democratic Pushback On Ethics Rules

The CLARITY Act would create a formal regulatory framework for digital assets in the US, but it needs 60 votes to clear the Senate, where Republicans hold a narrow 52-47 majority. While Republicans released updated bill text this week, several Democrats have argued the included ethics provisions fall short of addressing broader corruption concerns.