BlackRock, Fidelity, other Wall Street giants back the Clarity Act

Major Wall Street firms including BlackRock, Fidelity, and Goldman Sachs have publicly endorsed the Digital Asset Market Clarity Act. This US bill aims to establish a clear regulatory framework for crypto by defining the roles of the SEC and CFTC, though it has revealed a split with firms like JPMorgan seeking different provisions.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.