# Fidelity Urges Senate To Pass The CLARITY Act

*Fidelity Public Policy called on the Senate to pass the CLARITY Act.*

By [ETH Daily News](https://ethdaily.io) · 2026-07-24

fidelity, clarity, regulation, rwa, stablecoins

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Fidelity Investments, which manages $17.9 trillion in assets across 50 million individual investors, has publicly [called](https://x.com/FidelityPolicy/status/2080717659822260304) on the Senate to pass the CLARITY Act, stating the time is now for clear digital asset rules to strengthen investor confidence and reinforce US leadership in global markets.

The endorsement carries weight. Fidelity is one of the largest financial institutions in the world with deep exposure to both retail and institutional investors. Its public policy team's statement signals that TradFi's biggest players are now actively lobbying for crypto market structure legislation.

Fidelity launched FIDD, the Fidelity Digital Dollar, a USD-pegged stablecoin issued by Fidelity Digital Assets, an OCC-chartered national trust bank, on Ethereum earlier this year. The endorsement comes as a new draft of the CLARITY Act was released this week.

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*Originally published on [ETH Daily News](https://ethdaily.io/fidelity-urges-senate-to-pass-the-clarity-act)*