Fidelity called on the US Senate to pass the CLARITY Act, joining a growing coalition of financial firms and crypto organizations pushing for market structure legislation. The bill would establish a regulatory framework for digital assets in the US and needs 60 votes to pass the Senate, where Republicans hold a 52-47 majority. Some Democrats argued the ethics provisions do not go far enough to address corruption concerns. Fidelity is the world’s third-largest asset manager, reporting $7.1 trillion in managed assets in its 2025 annual report.
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