Franklin Templeton supported the CLARITY Act prior to an important vote in the Senate.
The bill is required to garner bipartisan support within the Senate prior to the start of the August recess in Congress.
Institutional support for cryptocurrencies is continuing to grow as lawmakers find themselves with less and less time to pass legislation on digital assets. Franklin Templeton, which manages about USD 1.79 trillion in assets, has now added its endorsement to the CLARITY Act, another financial institution supporting the framework of US crypto market structure.
Franklin Templeton has stated this via X, saying that the legislation will create regulatory clarity in terms of digital assets. According to Franklin Templeton, the legislation would allow investors to know what protections were available, while also providing companies with clarity in regard to regulatory requirements.
Franklin Templeton supports passage of the CLARITY Act.
The bill would make clear how cr
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