Franklin Templeton’s CEO, Jenny Johnson, voiced concerns at the Consensus conference that the U.S. may fall behind in the crypto industry if it continues with stringent regulatory measures. Highlighting the more supportive regulatory frameworks of Singapore, Hong Kong, UAE, and parts of Europe, Johnson suggested these regions are ahead in embracing blockchain technology.

Johnson emphasized the disruptive potential of digital assets on traditional business models, urging U.S. regulators to adopt a more open and proactive approach. She noted the importance of paying attention to the evolving digital asset space to stay competitive in the equity market.

Additionally, Johnson touched on Franklin Templeton’s innovative strides in the crypto space, including a tokenized money market fund and plans for tokenized ETFs. These initiatives, enhanced by blockchain technology, aim to revolutionize how investments are managed and exchanged.