US CLARITY Act Gains Support from Major Asset Managers as Bitcoin Slides Ahead of Fed Decision

Major U.S. investment firms—including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi—have voiced support for the Digital Asset Market Clar­ity Act. The legislation would assign clear jurisdiction over crypto assets between the SEC and CFTC, aiming to improve investor protection, market transparency and the United States' competitive edge in digital‑asset finance. Executives highlighted the bill as a necessary step toward a stable regulatory framework.

The bill’s prospects come as cryptocurrency markets experience volatility. Bitcoin fell below the $63,000 mark before recovering to around $63,600 on Binance, while ether and XRP showed modest moves. Traders are closely watching the upcoming Federal Reserve meeting for clues on interest‑rate policy, which influences risk appetite. The U.S. Senate has postponed further action on the CLARITY Act, pushing a vote beyond the summer recess and adding uncertainty for the digital‑asset sector.