Future of the Crypto Industry Is Regulated, According to Franklin Templeton CEO

Numerous players in the industry now complain about the state of crypto regulations in the United States.

[{"selector":"#anim-20d6e3d4-4935-4037-ac12-c122e4029f0c","keyframes":{"transform":["translate3d(-123.10469%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1f7b6401-f1c7-4901-85ee-87f673a05fc3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f51a9aeb-3ee4-495c-87f9-6bf94dc5d5c4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Franklin Templeton CEO Jenny Johnson said she thinks it's important for the industry to accept that more regulations are coming.

[{"selector":"#anim-2fbe3d31-db8e-4efb-b986-0d78dba1f691","keyframes":{"transform":["translate3d(-129.16667%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8c73eb73-daa7-4260-b18f-45ddbe5e7904","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-622b1898-b2f1-465b-a0e8-a7eaeb026d41","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Johnson said that the industry's future "will be regulated".

[{"selector":"#anim-8bcce097-c00a-4ddc-9428-01869b188dae","keyframes":{"transform":["translate3d(-125.81818%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4688b279-65cb-4aa9-9981-4f2aca498180","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61b786eb-eefe-4ac9-b740-eb31dcebc410","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Cryptocurrencies like Bitcoin were a "distraction" from the real innovation of cryptocurrency, blockchain technology.

[{"selector":"#anim-d599529d-1a8d-4bce-8d4a-a2a16ca22d8b","keyframes":{"transform":["translate3d(-127.88104%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-669f22a0-3a85-4456-b223-6b5e5efba0f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad850ccf-693f-4097-b133-37531d7d0596","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Johnson stated, "Bitcoin is the greatest distraction from the greatest disruption that is coming to the financial system, and that is blockchain."

[{"selector":"#anim-37c56807-7411-4a85-92b4-facebea44277","keyframes":{"transform":["translate3d(-125.81818%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d32b96a3-9274-46bb-88e1-5f1f1f2cd429","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-caa633dc-42c7-4bda-9b23-a627d16ecd2e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Future of the Crypto Industry Is Regulated, According to Franklin Templeton CEO

Numerous players in the industry now complain about the state of crypto regulations in the United States.

Franklin Templeton CEO Jenny Johnson said she thinks it's important for the industry to accept that more regulations are coming.

Johnson said that the industry's future "will be regulated".

Cryptocurrencies like Bitcoin were a "distraction" from the real innovation of cryptocurrency, blockchain technology.

Johnson stated, "Bitcoin is the greatest distraction from the greatest disruption that is coming to the financial system, and that is blockchain."

Read More Stories