Chris Perkins: Crypto Industry Has Achieved Regulatory Clarity Without Congressional Action

Following the failure of the CLARITY Act to advance in the Senate, Franklin Crypto head Chris Perkins stated that the industry has already achieved regulatory clarity through actions taken by the SEC and CFTC. Perkins noted that the SEC's recent five-year innovation exemption for tokenized U.S. stocks and the CFTC's commitment to crypto oversight provide the necessary framework for institutions. He argued that the market is shifting toward trading on fundamentals rather than frontier risk, citing Bitcoin's performance despite recent interest rate hikes.