CLARITY Act Stalls in Senate Amid Franklin Templeton Support

Franklin Templeton has thrown its weight behind the CLARITY Act, joining other major firms like BlackRock and Goldman Sachs in supporting the bill.

The legislation would establish a framework dividing federal oversight of digital assets between two regulators: the SEC for tokens that behave like securities, and the CFTC for those treated as commodities. This split resolves the jurisdictional ambiguity that has defined US crypto regulation for a decade.

Franklin Templeton's endorsement is significant because it underscores institutional comfort with crypto. The firm has been among the more forward-leaning traditional managers on tokenization, and a defined rulebook is what turns cautious pilots into scaled products.