Fidelity Calls for Senate Passage of CLARITY Act on Digital Assets

Fidelity called on the US Senate to pass the CLARITY Act on Friday, stating that clear digital asset regulations are needed to strengthen investor confidence, provide certainty for market participants and reinforce US leadership in global crypto markets. The call aims to address regulatory uncertainty in the digital asset sector. Fidelity joins a growing coalition of financial firms and crypto organizations urging US lawmakers to advance digital asset market structure legislation.

Coalition Pushes for CLARITY Act Senate Vote

Earlier Friday, the Crypto Council for Innovation, the Digital Chamber and the Blockchain Association called on Senate leaders to bring the bill to the floor. Coinbase CEO Brian Armstrong called for a full Senate floor vote on Wednesday. The coalition represents a cross-section of crypto industry stakeholders seeking regulatory clarity.

CLARITY Act Requires 60 Senate Votes for Passage

The CLARITY Act would establish a regulatory framework for digital assets in the US. The bill needs 60 votes to pass the Senate, where Republicans hold a 52-47 majority. Republicans released updated bill text on Wednesday. Some Democrats argued the ethics provisions do not go far enough to address corruption concerns.

Fidelity Manages $7.1 Trillion in Assets

Fidelity is ranked as the world's third-largest asset manager by the Sovereign Wealth Fund Institute. The company reported $7.1 trillion in managed assets in its 2025 annual report.

FAQ

What did Fidelity call for on Friday regarding digital assets? Fidelity called on the US Senate to pass the CLARITY Act on Friday, saying clear digital asset regulations are needed to strengthen investor confidence, provide certainty for market participants and reinforce US leadership in global crypto markets.

How many votes does the CLARITY Act need to pass the Senate? The CLARITY Act needs 60 votes to pass the Senate, where Republicans hold a 52-47 majority.

What is Fidelity's ranking among global asset managers? Fidelity is ranked as the world's third-largest asset manager by the Sovereign Wealth Fund Institute, with $7.1 trillion in managed assets reported in its 2025 annual report.