Fidelity Urges Senate to Pass CLARITY Act, $7.1 Trillion Asset Manager Adds to Police Union Endorsement
Fidelity, the $7.1 trillion asset manager, urges the Senate to pass the CLARITY Act, calling for clear rules to strengthen investor confidence and reinforce U.S. leadership in digital asset markets.
The push follows a reversal by the Fraternal Order of Police, the largest U.S. police union, which endorsed the revised bill to preserve crypto crime investigation powers. The White House highlighted the alignment of the two major groups, while prediction markets show a 35% probability the legislation passes this year. Democratic objections over enforcement provisions leave the final bill in a narrow bargaining window ahead of the August recess.
From the sources (25 posts)
@laurashinRT @laurashin: The White House's top CLARITY Act negotiator just deferred his mandatory Army National Guard training, again 🪖, to stay at t…
@tftc21U.S. Treasury Secretary Scott Bessent says the Clarity Act is at the "1-yard line."
@laurashinRT @laurashin: BREAKING: The White House just agreed to ethics language covering Trump himself in the CLARITY Act, with DOJ enforcement ins…
@theblockcoTHE BLOCK: Trump-approved crypto ethics language would bar federal officials, including the president, vice president, and members of Congress, from issuing digital assets. It would also put enforcement with the Justice Department rather t
@laurashinAfter hearing Patrick Witt's intel, Robert's confidence about the odds that Clarity passes have jumped from 70% to 75% 🤣 (This, to me, is like saying 6 minute abs is so much better than 7 minute abs 😂)
@kalshi_cryptoBREAKING: 50% chance Clarity Act becomes law this year
@cointelegraph🔥 TODAY: Treasury Secretary Scott Bessent says lawmakers are at the "1-yard line" on the Clarity Act, urging Congress to pass the bill before recess.
@eleanorterrett.@axios confirms and adds to my earlier reporting: Bipartisan ethics discussions are underway, with @SenThomTillis spearheading negotiations on the GOP side.
@rleshnerRT @laurashin: After hearing Patrick Witt's intel, Robert's confidence about the odds that Clarity passes have jumped from 70% to 75% 🤣 (T…
@brendanpedersenNews in PBN Texts: Sen. Tillis (R-N.C.) says the Lummis-Moreno-White House crypto ethics deal is “not quite there” after being briefed by staff earlier today. The ethics deal has yet to be released to the public, Senate Democrats or most Re
@coinmarketcapLATEST: 🇺🇸 The White House is reportedly pushing Senate Democrats to accept Trump's CLARITY Act ethics deal, calling it "the most comprehensive and wide-ranging ethics provision in history," per CoinDesk.
@coindeskUPDATE: President Trump agrees to ethics language in the CLARITY Act banning federal officials from issuing crypto, but Democrats push back on enforcement being handed to the DOJ rather than state attorneys general.
@eleanorterrett🚨NEW: Industry stakeholders are set to have a call with Republican leadership later this morning to receive an update on the latest Clarity Act text, according to an industry source invited to the call.
@coinmarketcapLATEST: 🇺🇸 Bitwise CIO Matt Hougan says if the CLARITY Act passes, "winter is over," adding that the market now underestimates the odds of the bill passing.
@bitcoinmagazineJUST IN: 🇺🇸 Bitcoin & crypto industry stakeholders to meet with Republican leadership today to be updated on the Clarity Act text, Eleanor Terrett reports 👀
@kalshi_cryptoJUST IN: Crypto industry stakeholders to meet with Republican leadership today to discuss Clarity Act
@cointelegraph🚨 LATEST: Senator Lummis says the CLARITY Act would protect customer assets when crypto projects fail, citing Terra’s $40B collapse.
@cointelegraph🇺🇸 JUST IN: Crypto industry stakeholders will hold a call with Republican leadership later this morning for an update on the latest CLARITY Act text. h/t: @EleanorTerrett
@farokhClarity Odds shot up from 30% to 52% on news of an “ethics package”, but so far we haven’t seen anything concrete. Do you think it’ll pass this year?
@cryptoroverBREAKING: 🇺🇸 Senate Republican Leader Thune speaks out on the Clarity Act. "Hopefully The CLARITY act can be on the floor soon/next week." This would be MASSIVE 🚀 🤝
@bitcoinnewsJUST IN: 🏦🇺🇸 Industry stakeholders are set to have a call with Republican leadership this morning to receive an update on the latest CLARITY Act text, per @EleanorTerrett and an industry source invited to the call.
@eleanorterrettRT @Eleanor_Mueller: As Republicans brief crypto stakeholders on Clarity, Alsobrooks isn’t mincing words onstage with @BurgessEv: The GOP’s…
@coinmarketcapLATEST: 🇺🇸 Senate Democrats reportedly still want state attorneys general enforcing the CLARITY Act's ethics provisions, rejecting the White House's push for DOJ enforcement, per CoinDesk.
@bitcoinmagazineJUST IN: 🇺🇸 CNBC reports on CLARITY ACT "There was a reported agreement yesterday between Republicans and The White House on ethics..as far as I've heard Democrats were not privy to this..they still have concerns..these next few weeks are
@tftc21CNBC on CLARITY Act progress: “There was a reported agreement yesterday between Republicans and The White House on ethics..as far as I've heard Democrats were not privy to this..they still have concerns..these next few weeks are critical.”