Asset manager BlackRock says CLARITY Act will help maintain U.S. leadership in capital markets

BlackRock publicly backed the U.S. Clarity Act, a crypto market structure bill aimed at clearer investor protections and preserving U.S. capital markets leadership.

The bill would divide spot crypto oversight between the SEC and the CFTC, advancing a more defined regulatory framework.

It has cleared the House and Senate Banking Committees, but still needs more votes and resolution of ethics and conflict-of-interest concerns to pass.

BlackRock’s support adds Wall Street weight to the push for clearer U.S. crypto regulation.