Fidelity Public Policy Urges U.S. Senate to Pass CLARITY Act

Fidelity Public Policy, part of Fidelity Investments with $7.1 trillion in assets under management, urged the U.S. Senate on July 24 to pass the CLARITY Act. According to NS3.AI, the bill would establish a federal regulatory framework for digital asset markets. Negotiations are centered on ethics restrictions, stablecoin rewards, and how oversight responsibilities would be divided between the SEC and the CFTC.