Svmuu News: Fidelity Public Policy, a division of Fidelity Investments—a financial services firm with $7.1 trillion in assets under management—posted on X on July 24, calling on the U.S. Senate to pass the CLARITY Act to establish a federal regulatory framework for the digital asset market.
Fidelity Investments’ 2025 annual report shows that the company had annual revenue of $37.7 billion, $7.1 trillion in assets under management, and $18 trillion in assets under custody and management, and provides investment platforms for workplace, brokerage, wealth management, and institutional clients.
Negotiations regarding the CLARITY Act are currently focused on ethical restrictions, stablecoin incentives, and the division of regulatory responsibilities between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). The bill proposes to establish disclosure requirements, retain anti-fraud authority, and set standards for centralized intermediaries.