BlackRock Supports CLARITY Act, Senate Legislative Window Narrows
2026-07-27 21:04
Odaily Planet Daily News BlackRock, the world’s largest asset manager, supports the CLARITY Act. Samara Cohen, Senior Managing Director and Head of Global Markets Development at BlackRock, stated that the bill is an important step toward establishing an investor-first digital asset regulatory framework.
Cohen stated that the bill will help shape the next phase of market structure in the US by supporting innovation while preserving 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, the US Senate Republicans released an updated version of the CLARITY Act, integrating the work of the Senate Banking Committee and the Agriculture Committee. Senate Majority Leader John Thune indicated that the Senate's work on the matter may continue beyond the August recess.
Crypto advocacy group Stand With Crypto stated that 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 each Senate vote on the CLARITY Act will be incorporated into a public congressional scorecard.
Cohen stated that the bill will help shape the next phase of market structure in the US by supporting innovation while preserving 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, the US Senate Republicans released an updated version of the CLARITY Act, integrating the work of the Senate Banking Committee and the Agriculture Committee. Senate Majority Leader John Thune indicated that the Senate's work on the matter may continue beyond the August recess.
Crypto advocacy group Stand With Crypto stated that 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 each Senate vote on the CLARITY Act will be incorporated into a public congressional scorecard.
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