Wall Street Asset Managers Back Crypto CLARITY Act as Senate Deadline Nears
Five Wall Street firms support the CLARITY Act separately, not through one coordinated industry declaration.House and Senate panels advanced the bill, but final passage still depends on clearing a 60-vote threshold.The proposal divides crypto oversight between the SEC and CFTC while adding anti-money-laundering rules.The $50 trillion comparison signals institutional scale, though it combines assets measured in different ways. A viral post from Crypto Rover has renewed attention on the Digital Asset Market Clarity Act as the Senate approaches a critical deadline. The post linked BlackRock, Charles Schwab, Fidelity, Goldman Sachs, and Grayscale, placing their combined assets near $50 trillion. Together, these asset managers manage roughly $50 TRILLION in assets. The total crypto market cap is only $2.2T. The next bull market will be absolutely WILD. https://t.co/etbANkGeOJ — Crypto Rover (@cryptorover) July 25, 2026 That comparison attracted significant interest as the global cryptocurrency market was valued at approximately $2.29 trillion, closely matching the posts $2.2 trillion estimate. However, the companies did not issue a coordinated endorsement, as each expressed separate views shaped by its commercial interests and regulatory priorities. Wall Street Support Spans Crypto Custody and Tokenization Fidelity Public Policy urged lawmakers to pass the CLARITY Act, arguing that clear federal rules would strengthen investor confidence and preserve United