“Franklin Templeton supports passage of the CLARITY Act,” the asset manager wrote in a post on X. “The bill would make clear how crypto is regulated. Investors would know what protections apply. Firms would know which regulators they answer to. It’s time to provide the industry the clarity it needs.”
Fidelity struck a similar tone, saying the legislation would provide the “clear rules of the road” needed to strengthen investor confidence, provide certainty for market participants and reinforce U.S. leadership in digital asset markets.
BlackRock also threw its weight behind the proposal. In a statement to Politico, Samara Cohen, the firm’s senior managing director and global head of market development, called the bill “an important step toward establishing a regulatory framework for digital assets that puts investors first.”
“It would help the United States shape the next era of market structure,” Cohen said, while preserving the transparency, resilience and investor protections that have made U.S. capital markets the global benchmark.
Banks are joining the push as well. Goldman Sachs CEO David Solomon said last week that while the CLARITY Act “is not perfect,” it would create “a level playing field to enhance market stability and allow these markets to develop appropriately.”
