Fidelity Investments has publicly called on the United States Senate to pass the CLARITY Act, arguing that clear digital asset regulations are essential for building investor trust, establishing business certainty, and maintaining American leadership in the global cryptocurrency sector.

In a statement, Fidelity said a robust legal framework would allow both financial institutions and cryptocurrency firms to operate efficiently while providing investors with a greater sense of security in the digital asset marketplace. The company emphasized that the CLARITY Act could introduce much-needed predictability into the industry's growth and innovation trajectory — a pressing concern for market participants who have navigated an environment shaped largely by enforcement actions and overlapping jurisdictional claims between the Securities and Exchange Commission and the Commodity Futures Trading Commission rather than comprehensive legislation.

Fidelity urges Senate passage of the CLARITY Act. The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets.

— Fidelity Public Policy (@FidelityPolicy) July 24, 2026 (source post)

Fidelity Joins Broad Industry Coalition

Fidelity is the latest major financial institution to back the CLARITY Act, adding to a growing list of companies and cryptocurrency firms lobbying for its passage. On Friday, the Crypto Council for Innovation, the Digital Chamber, and the Blockchain Association issued a joint press release urging Senate leadership to bring the bill to the Senate floor for a vote.

Brian Armstrong, CEO of Coinbase, earlier in the week called on senators to schedule a full floor vote, arguing that the cryptocurrency market requires regulatory clarity rather than continued uncertainty.

The Clarity Act is ready for a full Senate floor vote. The bill represents a true bipartisan compromise with thousands of hours of work on both sides, and it couldn't come at a better time. The status quo in the U.S. isn't working. There's no federal framework, so bad actors… pic.twitter.com/8HQvp8iSrw

— Brian Armstrong (@brian_armstrong) July 22, 2026 (source post)

The expanding roster of supporters from both traditional finance and the cryptocurrency industry signals that a broad cross-section of market participants view the bill as a meaningful step toward establishing a more structured regulatory environment for digital assets in the United States. The push also comes as other major jurisdictions have moved ahead with their own frameworks, including the European Union's Markets in Crypto-Assets (MiCA) regulation, adding competitive pressure on U.S. lawmakers to act.

What the CLARITY Act Proposes

The CLARITY Act aims to establish a comprehensive regulatory framework for digital assets in the United States. The legislation would define how digital assets are regulated and delineate the responsibilities of various government agencies overseeing the industry, an area where the absence of clear lines between SEC and CFTC authority has long fueled disputes over whether specific tokens qualify as securities or commodities. Supporters contend that the bill would reduce regulatory ambiguity for businesses and encourage greater investment in the sector.

To advance to law, the CLARITY Act requires at least 60 votes in the Senate. Republicans currently hold a 52-47 majority, meaning Democratic support will be necessary for passage. Republican legislators introduced an amended version of the bill on Wednesday, with the aim of bringing it to the Senate floor for a vote.

However, some Democratic senators have indicated that further work is needed on ethical safeguards, arguing that the latest amendments do not go far enough in addressing their concerns. Negotiations are expected to continue as lawmakers review the most recent changes to the legislation.

Fidelity's Influence and Industry Standing

Fidelity's endorsement carries considerable weight given the firm's prominence in global finance. According to the Sovereign Wealth Fund Institute, Fidelity ranks as the third-largest asset manager in the world. The firm reported managing $7.1 trillion in assets in its 2025 annual report. Fidelity has also been an early mover among traditional asset managers in the digital asset space, having launched a spot Bitcoin exchange-traded fund and maintained an active digital assets division for years.

The company's backing of the CLARITY Act underscores the growing demand among major financial institutions for clear cryptocurrency regulation. Many industry participants believe that establishing a defined regulatory framework will accelerate adoption of digital assets and help the United States remain competitive in the global blockchain landscape.