Blackrock Is Latest Asset Manager to Officially Backs CLARITY Act

In BlackRock Bitcoin news, the asset manager has formally endorsed the CLARITY Act, the most consequential piece of US crypto regulation legislation currently before Congress, and Coinbase Vice Chairman Ryan VanGrack made sure no one missed it.

On July 27, VanGrack posted on X that “BlackRock is officially on board,” citing a Politico report carrying BlackRock’s public statement on the bill.

The announcement crystallizes an unprecedented coalition of traditional finance heavyweights behind a single piece of digital asset legislation, but the vote math in the Senate remains unresolved.

This endorsement came as BTC USD dropped -3% overnight, falling to $63,250, losing key support at $65,000 as today’s FOMC meeting has seemingly spooked the markets. Daily trading volume has dropped to $25.1Bn, down from over $30Bn yesterday. $BTC failed to hold the $65,000 level.