Fidelity has called on the US Senate to pass the CLARITY Act, joining the ranks of industry groups and crypto firms advocating for clearer market structure legislation.
This development is based on reporting from CoinTelegraph and indicates a significant show of support from a major financial institution for regulatory clarity in the cryptocurrency sector.
The CLARITY Act aims to provide a more defined regulatory framework for the crypto industry, which could help in fostering a more stable and secure environment for investors and users alike.