Crypto Market Structure Gains Institutional Backing
Fidelity, managing $7 trillion in assets, has joined industry groups and crypto firms in calling on the US Senate to pass the CLARITY Act, marking significant institutional support for crypto-specific market structure legislation. The backing from a major asset manager represents a shift in how the crypto sector is engaging with Congress on regulatory frameworks.
The CLARITY Act aims to establish clearer regulatory pathways and definitions for cryptocurrency market participants, addressing longstanding questions about jurisdictional boundaries between the SEC and CFTC. Industry advocates argue such clarity is essential for institutional participation and investor protection.
International Enforcement and Emerging Tech Regulation
European Union authorities have added HTX exchange to its Russian sanctions list, alongside 18 other entities designated as providing crypto-assets or payment services in violation of EU measures against Russia. The action follows UK sanctions against the same exchange and reflects coordinated international pressure on platforms viewed as circumventing sanctions regimes.
