Jenny Johnson, CEO of Franklin Templeton, expressed optimism about the future of crypto regulation under the Trump administration. In a recent interview, Johnson predicted that the Trump administration would work to integrate traditional finance (TradFi) and cryptocurrencies, bringing needed regulatory clarity to the United States.
The Trump administration could transform the financial industry in the United States
The day after the inauguration of Donald Trump, Jenny Johnson highlighted on January 21, 2025 that blockchain technology could revolutionize the financial industry. In particular, by facilitating the creation of exchange traded funds (ETFs) and mutual funds. Additionally, she compared the rise of cryptos to the dot-com bubble of the 1990s, where some of the biggest companies emerged despite the bubble bursting.
According to Johnson, integrating TradFi and crypto could reduce costs and drive innovation. Furthermore, she insisted on the need for a clear regulatory framework to enable this convergence, affirming that this would make it possible to take advantage of the technological advantages offered by blockchain.
The Trump administration, which took office on January 20, 2025, has yet to address policies related to cryptocurrencies, despite pro-crypto promises made during the campaign. However, many pro-crypto candidates have been elected to Congress, raising hopes for a more pro-digital asset approach. In addition, Donald Trump has just pardoned Ross Ulbricht, the founder of Silk Road, after more than 11 years of imprisonment.
Challenges of the crypto industry
Johnson mentioned the challenges the crypto industry could face, comparing the current situation to that of the dotcom bubble. Indeed, although some businesses will prosper, others may inevitably disappear. Furthermore, she highlighted the importance of considering blockchain as an effective and promising technology for the future of finance.
The integration of traditional finance and crypto under the Trump administration could therefore transform the financial industry. However, regulatory clarity is essential to maximize the benefits of blockchain, while overcoming potential challenges. Jenny Johnson's optimism then reflects a promising vision for the future of digital assets in the United States.
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