Franklin Templeton, an asset manager with $1.79 trillion in assets under management, officially endorsed the CLARITY Act, the federal crypto market-structure bill currently under review in the U.S. Senate. The firm joins BlackRock, Fidelity Investments and Goldman Sachs, which had previously backed the legislation. The bill aims to clarify the regulatory framework by assigning oversight to the SEC and the CFTC, establishing registration standards, customer protections, and disclosure obligations. No floor vote has been scheduled at this stage.
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