BlackRock, Fidelity, other Wall Street giants back the Clarity Act
BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly endorsed the crypto market structure bill as the Senate’s timeline tightens.
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Summary
- BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly endorsed the Clarity Act in recent days.
- The bill has exposed a divide on Wall Street, with JPMorgan backing changes opposed by Coinbase and the broader crypto industry.
- The Senate faces a shrinking timeline to advance the legislation before its August recess.
