Franklin Templeton Met SEC Crypto Task Force on 1940 Act Issues Under Innovation Exemption

Franklin Templeton, the $1.8 trillion asset manager, met the SEC's Crypto Task Force to seek clarity on how the agency's innovation exemption applies to tokenized money market funds, tokenized NMS ETFs, and tokenized funds on liquidity pools under the 1940 Act. The meeting signals continued regulatory engagement on tokenized fund structures.