BlackRock has declared public support for the Clarity Act, a U.S. bill on crypto market structure.

On July 28 local time, blockchain outlet Coinpost reported that BlackRock, the world’s largest asset manager, said in a statement delivered to U.S. political outlet Politico that the bill was an important step toward establishing a regulatory framework that prioritises investor protection.

The statement is an extension of calls across major financial firms to overhaul market structure. Goldman Sachs, Fidelity and Charles Schwab have previously expressed support. As a result, the crypto spot market regulatory framework being pushed by the U.S. Congress is also receiving open backing from Wall Street.

The Clarity Act is a market-structure bill that divides oversight of spot crypto trading between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. It passed the U.S. House of Representatives in July 2025, and cleared the Senate Banking Committee on May 14, 2026.

Government official Samara Cohen (사마라 코언) said in the statement, "The Clarity Act is an important step toward establishing a crypto regulatory framework that puts investors first." She added, "While maintaining transparency, resilience and investor protection, it will help the United States protect its global leadership in capital markets and contribute to shaping the next era of market structure."

The industry is also responding. The Crypto Council for Innovation (CCI), a crypto industry group, recently released a position paper titled 'Myths v Facts' and argued that the Clarity Act could strengthen oversight systems, user protections and responses to illicit funds. The group is also being cited as taking a friendly stance on advancing the bill because it represents the interests of the crypto industry.

Separate from market expectations, the outlook for passage in the Senate remains uncertain. A floor vote requires 60 votes, but Republicans hold 53 seats. At least 9 additional votes in favour are needed to pass the bill. Talks between the ruling and opposition parties are also continuing over ethics and conflict-of-interest provisions related to the president and lawmakers issuing and creating digital assets.

In this situation, it remains unclear whether expanding support for the bill will lead directly to its enactment. Ryan VanGrack, Coinbase’s vice president, posted on X, formerly Twitter, welcoming BlackRock’s show of support, but a bipartisan agreement remains key at the actual voting stage. The focus is therefore on whether Wall Street’s support will translate into additional yes votes in the Senate and at what level negotiations over the ethics provisions will be settled.