$7 Trillion Investment Giant Fidelity Backs New Crypto Clarity Act

Fidelity, a $7 trillion investment firm, supports the new Crypto Clarity Act, urging Senate passage to establish clear regulations for digital assets. The bill, backed by crypto groups and politicians, includes a ban on officials promoting crypto and addresses banking concerns over stablecoins. Fidelity, managing Bitcoin ETFs approved by the SEC in 2024, joins advocacy groups in pushing for legislative clarity despite opposition from Coinbase and banking leaders.