Franklin Templeton Exec: 'The SEC is Eminently Beatable'
CryptoNewsTerminal Staff01 Jun, 2024
Franklin Templeton Exec: 'The SEC is Eminently Beatable'
Franklin Templeton's Head of Digital Assets Roger Bayston recently shared his views on the regulatory landscape for cryptocurrency in an interview with Cointelegraph. Bayston argued that the US Securities and Exchange Commission (SEC) is not invincible and is adapting its stance towards the industry. This is evident in the filing of an amended S-1 registration statement for an Ethereum (ETH) spot ETF by Franklin Templeton, underscoring the growing interest of established financial institutions in the digital asset space. According to Bayston, the SEC follows legal precedent but is undergoing significant changes. This indicates a potential shift in the regulatory approach towards cryptocurrency and a willingness to engage with the industry. Bayston also drew a parallel between the relationship between blockchain and crypto and the relationship between banking and funds, highlighting the interconnectedness of traditional finance and the emerging digital asset ecosystem. Overall, Bayston's comments suggest a cautiously optimistic outlook for the regulatory future of cryptocurrency.
