Franklin Templeton's head of digital assets, Roger Bayston, has praised the US Securities and Exchange Commission (SEC) for its cautious approach to cryptocurrency regulation. Bayston believes the SEC's legal precedents are crucial for safeguarding the economy. He also noted a positive shift in the SEC's tone towards cryptocurrencies. Franklin Templeton, which launched its Franklin OnChain U.S. Government Money Fund in 2023, is bullish on cryptocurrencies, comparing their importance to investment portfolios to that of tech stocks 30 years ago. The company recently received approval from the SEC for a spot Ether exchange-traded fund.