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Author: Stephen Katte, CoinTelegraph; Compiled by: Deng Tong, Bitchain Vision
Franklin Templeton CEO Jenny Johnson believes the new Trump administration will begin to work on developing clearer regulatory rules by integrating traditional finance and cryptocurrencies.
“I think the Trump administration is doing it is that we will start to see a further convergence of TradeFi and cryptocurrencies, which is what we need,” she said in an interview with Bloomberg on January 21.
“We need to have some kind of regulatory clarity so you can combine them because fundamentally that will reduce costs and this technology can lead to huge innovations,” Johnson added.
Johnson said blockchain technology can be used in particular on exchange-traded funds and mutual funds.
“I think it’s very important to think of blockchain as a technology. It’s a programming language that does something very well,” she said.
“I do think that ETFs and mutual funds may end up building on blockchain because it’s a very efficient technology.”
On January 20, President Donald Trump signed a series of executive orders on his first day of office, but none of them involved crypto assets or policies despite his commitment to support cryptocurrencies during the campaign.
Hundreds of candidates supporting cryptocurrencies have also won seats in Congress, industry leaders saidcurrentThe U.S. government may become the most supportive cryptocurrency government in history.
Johnson saidWhile there are “huge opportunities” in the cryptocurrency industry, she believes some of them will eventually become “noise,” similar to what happened to internet companies during the internet bubble.
“It’s kind of like the internet age, and in the end, you’re going to have some of the biggest companies in the next decade and then you’re going to have a lot of companies being thrown aside. I think the same is true in the cryptocurrency world,” she said.
From the late 1990s to the early 2000s, Internet companies were the target of massive hype and investment.
The industry peaked at $2.95 trillion in 2000 before falling to $1.195 trillion as capital dry up and investors left many companies in the industry went bankrupt.
