Fidelity Backs CLARITY Act, Says US Must Preserve Global Digital-Asset Leadership
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Fidelity said it supports the CLARITY Act, a US market structure bill for digital assets.
Watcher.Guru reported on May 13 that Fidelity backed the legislation, saying it would help the US maintain its global leadership in digital assets.
The US Senate Banking Committee is scheduled to hold a markup of the CLARITY Act on May 14. The bill includes provisions on stablecoin regulation and protections for decentralized finance, or DeFi, developers. More than 100 amendments to the legislation have been submitted to the committee, the report said.
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