World · Regulation · United States ·
BlackRock, Fidelity, and Goldman Sachs formally back US crypto market structure bill
BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi publicly endorsed the Clarity Act, the federal bill that would define how crypto assets are regulated in the US, as the Senate considers scheduling a vote. The endorsements from some of Wall Street's largest firms represent a coordinated push to move the legislation forward.
Why it matters for the crypto market
Backing from the largest asset managers and banks signals growing institutional alignment behind a clear US regulatory framework, which could shape how crypto is traded and held across the country.
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