BlackRock, Fidelity, Grayscale Back CLARITY Act Amid $30T Asset Push

Major firms including BlackRock and Fidelity support the CLARITY Act. Mike Novogratz predicts passage via a proposed ethics compromise involving state attorneys general.

Woofun AI reports that BlackRock, Fidelity, Goldman Sachs, Charles Schwab, and Grayscale have collectively endorsed the CLARITY Act ahead of the August recess. These institutions manage over $30 trillion in combined assets. Mike Novogratz anticipates the legislation will pass through a last-minute ethics compromise. His proposal suggests state attorneys general could challenge the DOJ if enforcement fails, rather than suing lawmakers or the president directly.