Fidelity, with assets under management totaling 7.1 trillion USD, urges the US Senate to pass the CLARITY Act

According to Odaily, Fidelity Public Policy, under the financial services firm Fidelity Investments with assets under management of 7.1 trillion US dollars, posted on X on July 24, calling on the US Senate to pass the CLARITY Act to establish a federal regulatory framework for the digital asset market.

The 2025 annual report of Fidelity Investments shows that its annual revenue is 37.7 billion US dollars, assets under management total 7.1 trillion US dollars, and assets under custody and management reach 18 trillion US dollars. The company provides investment platforms for workplace, brokerage, wealth management, and institutional clients.

Current negotiations regarding the CLARITY Act are centered on ethical restrictions, stablecoin incentives, and the division of regulatory responsibilities between the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC). The Act proposes to set disclosure requirements, retain anti-fraud authority, and establish standards for centralized intermediaries.