Major financial firms including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly backed the CLARITY Act, a crypto market structure proposal that is gaining attention as the Senate's timetable becomes more pressing.
The support is notable because it comes from some of the biggest names on Wall Street, signaling broader institutional interest in a clearer rulebook for digital assets. Based on public statements, the bill is being framed as a way to define how crypto would be regulated and what protections investors could expect.
Franklin Templeton was among the firms to say openly that it supports passage of the CLARITY Act. Its message emphasized the idea that clearer oversight could reduce uncertainty for both companies and investors by making the regulatory framework easier to understand.
The growing list of backers suggests the debate over US crypto policy is moving beyond the digital asset sector itself and deeper into mainstream finance. With Senate timing tightening, support from large asset managers and financial institutions could add momentum to the push for a more defined market structure for crypto.
