Financial innovators are playing the long game with the United States Securities and Exchange Commission , and it’s only fair, according to Franklin Templeton head of digital assets Roger Bayston.
Despite frequent expressions of cynicism about the SEC’s “open door” policy, Bayston saw the agency’s behavior as safeguarding the economy and not insurmountable: Things are changing at the SEC, Bayston noted, comparing this year to last. “we’ve been pleasantly engaged with the SEC and we’re excited as they shift and change their tone,” he said.Franklin Templeton launched its Franklin OnChain U.S. Government Money Fund in 2023, but getting there was “practically a five-year journey with them , helping to illuminate them, educate them on the uses of blockchain technology in operating mutual funds.”Bayston compared tokenized money funds to stablecoins.