Franklin Templeton Throws Support Behind Clarity Act

Franklin Templeton, the $1.7 trillion asset management giant, has joined BlackRock, Fidelity, and Goldman Sachs in backing the Clarity Act.

Alex Dovbnya · 28 Jul 2026 · 4 min read

Wire content from U.Today

Franklin Templeton Throws Support Behind Clarity Act

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By
Alex Dovbnya

Tue, 28/07/2026 – 6:16

Franklin Templeton, the $1.7 trillion asset management giant, has joined BlackRock, Fidelity, and Goldman Sachs in backing the Clarity Act.

Franklin Templeton Throws Support Behind Clarity Act

Cover image via depositphotos.com

More opposition
Unclear path

American multinational investment management holding company Franklin Templeton has thrown its weight behind the Clarity Act, the much-talked-about cryptocurrency legislation that so far remains on shaky ground.

The company, which boasts a whopping $1.7 trillion in assets under management, claims that the bill will make it “clear” how crypto is regulated.

Multiple major asset managers and investment firms have supported the Clarity Act.

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BlackRock, the world’s largest asset manager with more than $15 trillion worth of assets under management, has publicly backed the bill as an “important step.” Mutual fund giant Fidelity has also praised the bill, arguing that it would ensure investor confidence and market certainty. Moreover, Fidelity also stressed that the legislation would bolster the US leadership in the realm of digital assets.

More opposition

Meanwhile, there are more voices opposing the Clarity Act. NY Attorney General Letitia James has spoken out against the legislation. She has argued that it would “neuter” state and local law enforcement efforts.

Unclear path

It is still not clear whether the bill will be signed into law this year (and this looks increasingly unlikely, according to Polymarket odds). Sen. Rugen Gallego (D-AZ) has stated there are updates regarding the crypto ethics deal. Lawmakers are currently busy finalizing the text.