BlackRock Backs CLARITY Act as Senate Legislative Window Narrows

BlackRock supports the CLARITY Act for establishing an investor-first digital asset framework. The Senate released an updated bill, with industry leaders and advocacy groups urging passage before the August recess.

Woofun AI reports that BlackRock has endorsed the CLARITY Act, with Senior Managing Director Samara Cohen describing it as a critical step toward an investor-first regulatory framework for digital assets. Cohen emphasized that the legislation supports innovation while ensuring transparency, resilience, and investor protection, potentially shaping the next phase of US market structure.

The US Senate Republicans released an updated version of the bill last week, incorporating input from the Banking and Agriculture Committees. Senate Majority Leader John Thune noted that legislative work may continue beyond the August recess. Other major firms, including Fidelity, have previously supported clearer digital asset rules, while advocacy group Stand With Crypto reported sending over 925,000 emails to Congress in 2025.