Odaily Planet Daily News Franklin Templeton's digital asset director, Roger Bayston, said that financial innovators are engaged in a long-term game with the U.S. SEC, and this is fair.

Bayston said at the 2024 Consensus Conference, "Like many regulatory agencies, the U.S. SEC tends to rely on legal precedents. These precedents are often set in court, so this is just a process we are involved in."
While people are often skeptical of the SEC's "open door" policy, Bayston believes that the agency's actions are protecting the economy and are not insurmountable: "If we hadn't had some discipline, persistence, and cooperation with regulators around the world, we wouldn't have survived in this trusted industry for 76 years." ”
Bayston noted that the situation at the SEC is changing compared to last year. "We have been in pleasant contact with the SEC," he said