Franklin Templeton Backs CLARITY Act to Clarify Digital Asset Rules

Franklin Templeton, managing $1.79T in assets, joins BlackRock and others in supporting the CLARITY Act, which aims to define regulatory roles for digital assets between the SEC and CFTC.

Woofun AI reports that Franklin Templeton endorsed the CLARITY Act on July 27, citing the need for clearer digital asset regulations and defined federal oversight. The firm manages $1.79 trillion in assets, having grown from $1.78 trillion the previous month. This support aligns Franklin Templeton with major institutions including BlackRock, Fidelity Investments, Goldman Sachs, and Charles Schwab. Senate Republicans introduced an updated version of the bill on July 22, proposing a split of regulatory authority between the SEC and the CFTC.