The probability of the CLARITY Act passing has dropped to 30%, but BlackRock and Franklin Templeton have jointly expressed support. The status of the CLARITY Act is delicate: Wall Street giants are lining up in support, yet Congress continues to delay the vote. ① On July 27, Franklin Templeton (managing $1.79 trillion in assets) publicly endorsed the CLARITY Act. Previously, BlackRock, Fidelity, Goldman Sachs, Charles Schwab, and Grayscale had already voiced their support. The coalition of supporters reads like a "hall of fame" of global asset management. ② However, on July 28, Galaxy Research lowered the probability of the bill passing by 2026 to 30% (down from 50%), citing that Senate Majority Leader Thune has prioritized Russian sanctions legislation and presidential nominations ahead of crypto-related bills. A vote before the August 8 recess is highly unlikely. If the bill fails to pass this year, the next opportunity may come during the November–December "lame-duck" session. ③ My own take: This has created an absurd situation—where the world’s largest asset managers all say, “We need this bill,” while Congress responds with, “Let’s wait.” Goldman Sachs CEO David Solomon told Politico, “This bill creates a level playing field.” Fidelity, managing $7.1 trillion in assets, has publicly urged the Senate to act. For Solana: Every day the CLARITY Act is delayed means another day of a regulatory regime based on enforcement priorities—harmful to innovation. But the direction is irreversible. When BlackRock and Franklin Templeton publicly stand behind it, the bill is merely a matter of time—not a question of “if.” @solana @Solana_zh @SolanaFndn #CLARITYAct #BlackRock #FranklinTempleton #Regulation