Franklin Templeton Joins Blackrock, Fidelity, and Goldman Sachs in Supporting the CLARITY Act
Financial giant Franklin Templeton has announced its support for the CLARITY Act, joining other major firms like BlackRock, Fidelity, and Goldman Sachs in advocating for clearer cryptocurrency regulations. The company, with $1.79 trillion in assets under management, stated the legislation would establish clearer rules for digital assets, providing regulatory certainty that the industry has long sought.
The updated bill, recently released by Republican senators, aims to define the respective oversight roles of the SEC and CFTC over digital securities and commodities. Key supporters argue that a unified national regulatory framework is crucial for fostering responsible innovation, ensuring market transparency, and protecting investors. Wall Street banks have shown growing interest in blockchain-based services, viewing the act as a catalyst for broader institutional and retail adoption of digital assets.
cryptonews.ru07/28 05:33
