Franklin Templeton Backs CLARITY Act, Bolstering Wall Street Support for Crypto Legislation

Franklin Templeton, a prominent U.S. asset manager, has lent its support to the CLARITY Act, a key piece of crypto legislation currently under consideration in the U.S. Senate.

The bill aims to establish a federal framework for digital assets, dividing oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

This development follows the Senate Banking Committee's advancement of the bill earlier this year with bipartisan support.