Fidelity Backs CLARITY Act, Says US Must Retain Global Leadership in Digital Assets
Suehyeon Lee
Summary
- Global asset manager Fidelity has expressed support for the CLARITY Act, a U.S. digital-asset market-structure bill.
- Fidelity said the CLARITY Act would help the U.S. maintain global leadership in digital assets.
- The U.S. Senate Banking Committee is scheduled to hold a markup of the CLARITY Act on May 14, including provisions on stablecoin regulation and protections for decentralized finance (DeFi) developers.
Forecast Trend Report by Period
Fidelity said it supports the CLARITY Act, a U.S. market-structure bill for digital assets.
Watcher.Guru reported on May 13 that Fidelity backs the CLARITY Act and believes the measure would help the U.S. maintain global leadership in digital assets.
The U.S. Senate Banking Committee is scheduled to mark up the CLARITY Act on May 14. The bill includes provisions on stablecoin regulation and protections for decentralized finance, or DeFi, developers. More than 100 amendments to the legislation have been submitted to the committee.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.