On July 24, 2026, Fidelity Investments publicly urged the US Senate to pass the CLARITY Act, emphasizing the urgent need for clear digital asset regulations.
The firm argues that a well-defined legal framework would boost investor confidence, provide certainty for businesses, and help the US maintain its lead in cryptocurrency innovation.
According to Fidelity, the bill would empower financial and crypto companies to operate more efficiently while giving investors a stronger sense of security.
Fidelity’s statement via Twitter reinforced this call: clear rules are essential to strengthen investor trust and solidify America’s role in the global digital asset market.
Other major industry voices have joined the chorus. Earlier in the week, Coinbase CEO Brian Armstrong pressed senators to hold a full vote on the CLARITY Act, highlighting the need for regulatory clarity amid ongoing market uncertainty.
Armstrong described the bill as a bipartisan compromise developed through thousands of hours of work, marking a critical shift from the current lack of federal oversight.
A coalition including the Crypto Council for Innovation, the Digital Chamber, and the Blockchain Association has also pushed Senate leaders to prioritize bringing the act to the floor.
The growing backing from both traditional financial firms and crypto companies signals widespread industry belief that the CLARITY Act could provide a stronger foundation for the US crypto market’s future.
The legislation aims to establish clear roles and responsibilities for government agencies regulating digital assets, reducing ambiguity for businesses and encouraging investment.
Currently, the Senate balance stands at 52 Republicans and 47 Democrats, meaning the bill needs bipartisan support to reach the 60 votes required for passage.
Republican lawmakers introduced an amended version of the bill recently, hoping to advance it to Senate debate and a vote.
For more on the regulatory landscape shaping US crypto markets, see CLARITY Act Faces Critical Senate Deadline With Slim 30% Chance.
