CLARITY Act Gains Support From Fidelity, Ripple and Coinbase Ahead of Senate Vote

• Coinbase, Ripple, and Fidelity publicly backed the CLARITY Act ahead of a key Senate Banking Committee vote
• Industry leaders said the bill could provide clearer crypto regulation and market structure rules for digital assets in the US
• Kalshi prediction markets currently place a 65% chance on the CLARITY Act becoming law this year

Support for the CLARITY Act continued growing this week as Coinbase, Ripple, and Fidelity publicly backed the proposed crypto legislation ahead of a Senate Banking Committee vote. The bill has become one of the most closely watched crypto regulation proposals in the country. Lawmakers debate how digital asset markets should be supervised in the United States. Industry executives say the legislation could help create clearer rules for crypto companies, investors, and financial institutions operating in the sector.

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Crypto Industry Push for CLARITY Act Picks Up Momentum

Coinbase CEO Brian Armstrong said the Senate hearing represented an important moment for US financial policy and digital assets. Ripple CEO Brad Garlinghouse also supported the proposal, saying clearer rules are needed as crypto adoption continues growing across the country.

The latest draft of the CLARITY Act focuses on market structure and oversight for digital assets. This includes how responsibilities would be divided between regulators such as the SEC and CFTC.

The debate around crypto regulation has intensified in recent years following lawsuits, exchange failures, and ongoing disagreements over how digital assets should be classified under US law.

Fidelity also backed the legislation through its public policy division. It describes the proposal as a step toward clearer regulatory standards for the digital asset industry. Fidelity manages more than $5 trillion in assets, according to company disclosures.

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Coinbase and Ripple Support CLARITY Act Ahead of Senate Vote

Support for the bill has started extending beyond crypto firms. AARP also supported parts of the proposal tied to fraud prevention and consumer protections.

Prediction market platform Kalshi currently estimates a 65% chance that the CLARITY Act becomes law this year, ahead of the Senate vote.

Crypto ownership in the US has also continued rising. A 2025 report from the National Cryptocurrency Association estimated that around 55 million American adults hold digital assets in some form.

While the bill still faces debate in Congress, the latest backing from Coinbase, Ripple, and Fidelity shows that discussions around crypto regulation are increasingly moving into the broader financial system rather than remaining limited to crypto-native companies.

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