BlackRock calls on US Senate to pass the Crypto Clarity Act

BlackRock, the asset management firm sitting on roughly $15 trillion in client money, is now publicly lobbying the US Senate to pass the Digital Asset Market Clarity Act.

Samara Cohen, BlackRock’s senior managing director, has voiced the firm’s support for the legislation, underscoring investor protection as the central priority.

What the bill actually does

The Digital Asset Market Clarity Act, formally H.R. 3633, draws a clear line between the SEC and CFTC, assigning specific oversight responsibilities to each regulator and replacing an ad-hoc enforcement approach with statutory law.

The House already passed the bill on July 17, 2025, with a bipartisan vote of 294-134. The Senate Banking Committee followed up by clearing the bill on May 14, 2026, with a 15-9 vote. The legislation now needs a full Senate floor vote, and with the August recess approaching, the window is narrow.

Wall Street’s united front

BlackRock is not alone in making noise here. Fidelity, Franklin Templeton, Goldman Sachs, and SoFi have all endorsed the legislation as of late July 2026.

Notably, none of these endorsements named specific tokens or protocols. This is a push for a regulatory structure, not a bet on any particular crypto horse.

BlackRock already operates a spot Bitcoin ETF and has been steadily expanding its digital asset footprint. Regulatory clarity is not an abstract preference for the firm. It is a direct business requirement for scaling those products to a broader client base.

The timing pressure is real. Senate negotiations are still ongoing around specific ethics provisions within the bill, meaning the path to a floor vote before August recess requires those talks to close quickly.