BlackRock Supports the CLARITY Act as Senate Legislative Window Narrows
2026-07-27 21:04
Odaily Planet Daily News BlackRock, the world's largest asset management company, supports the CLARITY Act. Samara Cohen, Senior Managing Director and Head of Global Market Development at BlackRock, stated that the bill is an important step towards establishing an investor-first regulatory framework for digital assets.
Cohen said the bill will help the United States shape the next phase of market structure by supporting innovation while retaining transparency, resilience, and investor protection. Fidelity, Goldman Sachs CEO David Solomon, and Charles Schwab have also previously expressed support for related legislation or clearer digital asset rules.
Last week, Republicans in the U.S. Senate released an updated text of the CLARITY Act, integrating the work of the Senate Banking Committee and the Agriculture Committee. Senate Majority Leader John Thune stated that related work in the Senate could extend beyond the August recess.
The crypto advocacy group Stand With Crypto said it has sent over 925,000 emails to Congress in 2025 and has contacted Congress more than 1.1 million times since its inception. The organization stated that every Senate vote on the CLARITY Act will be included in a public congressional scorecard.
Cohen said the bill will help the United States shape the next phase of market structure by supporting innovation while retaining transparency, resilience, and investor protection. Fidelity, Goldman Sachs CEO David Solomon, and Charles Schwab have also previously expressed support for related legislation or clearer digital asset rules.
Last week, Republicans in the U.S. Senate released an updated text of the CLARITY Act, integrating the work of the Senate Banking Committee and the Agriculture Committee. Senate Majority Leader John Thune stated that related work in the Senate could extend beyond the August recess.
The crypto advocacy group Stand With Crypto said it has sent over 925,000 emails to Congress in 2025 and has contacted Congress more than 1.1 million times since its inception. The organization stated that every Senate vote on the CLARITY Act will be included in a public congressional scorecard.
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