According to Cointelegraph, Franklin Templeton CEO Jenny Johnson believes that the new Trump administration will begin to push for clearer regulation by integrating traditional finance and cryptocurrencies. In an interview with Bloomberg on Jan. 21, she said: "I think what characterizes the Trump administration is that we're going to see them integrate traditional finance (TradeFi) and cryptocurrencies more, and that's what we need. We need some kind of regulatory clarity in order to combine the two, because fundamentally it's going to reduce costs, and the innovation that comes with technology is huge. Blockchain technology in particular can be used for exchange-traded funds (ETFs) and mutual funds in the future. I think it's really important to think of blockchain as a technology. It's a programming language that's really good at some things. I do think ETFs and mutual funds could end up being built on blockchain because it's an extremely efficient technology."