Franklin D. Roosevelt supports the passage of the CLARITY Act, stating that it will provide a clear cryptocurrency regulatory framework.

July 28, Franklin Templeton tweeted its support for the passage of the CLARITY Act. This Act aims to clarify how the United States will regulate the crypto industry, providing investors with an understanding of the applicable protections and giving businesses clarity on which regulatory agencies have jurisdiction.

Franklin Templeton stated that now is the time to provide the crypto industry with the regulatory clarity it needs.