Franklin Templeton exec: crypto is 'just fine' even if the Clarity Act stalls in the Senate.

Franklin Templeton's head of Digital Assets Chris Perkins argues the $2.7 trillion crypto market doesn't need the Clarity Act to survive — institutional rails, ETF inflows, and a $320 billion stablecoin market have all scaled without a federal framework in place.

The bill cleared the House last July in a 294–134 bipartisan vote but has since stalled in the Senate on three issues: stablecoin yield language, DeFi provisions, and securing the full Republican committee bloc. Senator Thom Tillis's request for additional review pushed the Banking Committee markup from April into May — the third timeline slip in as many months — though stablecoin yield disputes are now reportedly resolved. Senator Lummis has publicly committed to a May markup, while warning that a 2026 failure likely means no market structure legislation until 2030 or later.

Polymarket puts 2026 enactment at 50-50 or below…