The Clarity Act, proposed by Senators Cynthia Lummis and Kirsten Gillibrand, aims to clarify regulatory frameworks for cryptocurrencies. Fidelity, with over $7 trillion in assets under management, is one of several major players to support the bill. The move highlights growing recognition among financial institutions that clear regulations are crucial for the growth of the industry.
Source
"Fidelity Supports New Bill Aimed at Clarifying US Crypto Regulations" — Bitcoin Magazine
This article is Bitcoincryptos' summary and analysis of reporting originally published by Bitcoin Magazine. Read the full original report at the link above.
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