Franklin Templeton Backs CLARITY Act, Bolstering Wall Street Support for Crypto Legislation
Franklin Templeton, one of the U.S.'s most prominent asset managers, has thrown its weight behind the CLARITY Act, a key piece of crypto legislation currently being considered in the Senate.
The bill aims to establish a federal framework for digital assets, with oversight divided between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Franklin Templeton's endorsement is seen as a significant boost to the coalition of major Wall Street firms backing the CLARITY Act.
This follows earlier advancements by the Senate Banking Committee, which advanced the bill with bipartisan support in 2026.
The current market reflects a 34.5% probability of the CLARITY Act's passage by the end of 2026, consistent with recent endorsements and political developments.