Franklin Templeton says Wall Street fears blockchain because it threatens its profits

Jenny Johnson, CEO of Franklin Templeton, warns that blockchain technology and cryptocurrencies are disrupting established financial models, which Wall Street fears will cut into their profits. This indicates a growing concern among traditional financial institutions about the potential shift in power and revenue streams from centralized to decentralized systems. Such a transformation could reshape the financial landscape, pushing for innovation and regulatory scrutiny as the industry grapples with these emerging technologies.