Trump is going to collect TradFi, crypto with regulatory transparency: Franklin CEO

Franklin Templeton CEO Jenny Johnson believes the new Trump administration will begin working toward clearer regulations by integrating traditional finance and crypto.

“I think the thing with the Trump administration is that we're going to start seeing them come together more, TradeFi and crypto, which is what we want,” he told Bloomberg in a Jan. 21 interview.

“We have to have some kind of regulatory transparency to bring these together because it basically drives costs, and there's a lot of innovation that the technology enables,” Johnson added.

According to Johnson, blockchain technology could be used specifically for future cryptocurrencies and mutual funds.

“I think it's really important to think of blockchain as a technology. It's a programming language that does some things right,” she says.

“I think ETFs and mutual funds will ultimately be built on blockchain because it's a very efficient technology.”

This comes as President Donald Trump signed executive orders on his first day in office on January 20, but none have yet introduced crypto assets or policy on the campaign trail, despite crypto-friendly promises.

Hundreds of pro-crypto candidates have also won seats in Congress, and industry leaders have suggested that the US government may be the most pro-crypto in history.

According to Johnson, while the crypto industry has “tremendous opportunity,” she thinks some of it will become “noisy,” as happened with Internet-based companies during the dot-com bubble.

Related: Trump's ‘America First Priorities' Exclude Any Mention of Crypto, BTC

“It's going to be a little bit like the dot-com era, and eventually, you had some big companies that came out of it in the next decade, and then a lot of that sort of blew to the side. I think the crypto world is the same,” she said.

In the year In the late 1990s to the early 2000s, Internet-based companies were the subject of intense promotion and investment.

In the year The industry peaked at $2.95 trillion in 2000, before falling to $1.195 trillion as capital dried up and investors left in droves, leaving many companies in the industry in turmoil.

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