Fidelity Joins Senate Push for CLARITY Act Amid Political Hurdles

Woofun AI reports that Fidelity has joined a coalition urging the US Senate to pass the CLARITY Act, alongside the Crypto Council for Innovation, Digital Chamber, Blockchain Association, and Coinbase CEO Brian Armstrong.

Legislative mechanics present significant hurdles, as the bill requires 60 votes to pass a Senate where Republicans hold a 52-47 majority. Although updated text was released on Wednesday, Democrats argue the ethics provisions fail to adequately address corruption concerns, complicating the path to a floor vote called for by Armstrong.

The CLARITY Act aims to establish a regulatory framework for digital assets in the US.

Woofun AI data shows Fidelity, ranked as the world’s third-largest asset manager by the Sovereign Wealth Fund Institute, reported $7.1 trillion in managed assets in its 2025 annual report.

This coalition effort underscores the critical link between clear regulations and investor confidence. Securing passage of digital asset market structure legislation remains essential for reinforcing US leadership in global crypto markets.