Asset manager Franklin Templeton has voiced support for the Clarity Act, a cryptocurrency regulation bill it says would provide a clearer framework for overseeing digital assets. The firm, which manages $1.7 trillion in assets, joins a list of major financial names that have already backed the proposal. BlackRock, Fidelity and Goldman Sachs CEO David Solomon have previously expressed support, saying the measure could strengthen investor confidence and help preserve the United States’ lead in digital assets. Opposition remains in place, however. New York Attorney General Letitia James and other critics argue the bill would weaken the enforcement powers of local authorities. Whether the legislation can pass this year remains uncertain, according to the report cited by Techub News. The original source referenced in the brief was U.Today.
Franklin Templeton has backed the Clarity Act, a cryptocurrency regulation bill that the asset manager said would clarify the regulatory framework for crypto assets, according to Techub News.
The company manages $1.7 trillion in assets.
BlackRock, Fidelity and Goldman Sachs CEO David Solomon had already publicly supported the bill, arguing that it could improve investor confidence and reinforce the United States’ leadership in digital assets.
Opposition has also been public. New York Attorney General Letitia James and other critics say the legislation would weaken local enforcement powers.
It remains unclear whether the bill will pass this year.
The report cited by Techub News referenced U.Today.
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