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BlackRock, Goldman Sachs, Fidelity Back Digital Asset Clarity Act With $30 Trillion in Combined AUM

2026-07-27 09:19:37

BLK1.32%

GS2.12%

BlackRock, Goldman Sachs, Fidelity, Charles Schwab, and Grayscale—collectively managing over $30 trillion in assets—have endorsed the Digital Asset Market Clarity Act (H.R. 3633), a significant show of support from Wall Street for clearer crypto regulation. The bill, formally introduced in May 2025, explicitly assigns oversight responsibilities between the SEC and CFTC over digital assets and includes anti-money laundering requirements. Fidelity, which manages approximately $7.1 trillion in assets, called on the Senate to pass the legislation, describing the framework as balanced. Goldman Sachs CEO David Solomon also voiced support, emphasizing the need for a structured market environment. The move comes as Congress heads toward its August recess, with supporters pressing lawmakers to advance the bill through the Senate Banking Committee.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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