[Wall Street Giants Support 'Clarity Act' Crypto Regulation Bill] Deep Tide TechFlow reports that on July 29, according to CoinDesk, Wall Street giants such as BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi have recently publicly expressed their support for the 'Clarity Act' digital asset regulation bill, urging Congress to pass the legislation to establish a clear regulatory framework for the crypto industry. These institutions stated that clear rules will protect investors, provide regulatory certainty for businesses, and help the U.S. maintain competitiveness in the mainstream adoption of digital assets. The bill aims to redefine the regulatory authority of the SEC and CFTC over digital assets, but there are internal disagreements within Wall Street. JPMorgan supports stricter restrictions on stablecoin yields, a stance that contrasts with crypto companies like Coinbase, which worry that such amendments could weaken the effectiveness of the legislation. The Senate is set to recess on August 8, and the current legislative agenda is focused on judicial nominations and the Russia sanctions bill, narrowing the window for advancing this legislation.