BlackRock, the asset management firm sitting on roughly $15 trillion in client money, is now publicly lobbying the US Senate to pass the Digital Asset Market Clarity Act.
Samara Cohen, BlackRock’s senior managing director, has voiced the firm’s support for the legislation, underscoring investor protection as the central priority.
What the bill actually does
The Digital Asset Market Clarity Act, formally H.R. 3633, draws a clear line between the SEC and CFTC, assigning specific oversight responsibilities to each regulator and replacing an ad-hoc enforcement approach with statutory law.
The House already passed the bill on July 17, 2025, with a bipartisan vote of 294-134. The Senate Banking Committee followed up by clearing the bill on May 14, 2026, with a 15-9 vote. The legislation now needs a full Senate floor vote, and with the August recess approaching, the window is narrow.
