The Chainlink CEO has seen tokenization as the rising future of the sector after meeting the SEC Atkins
Chainlink CEO Sergey Nazarov met with the US Securities and Exchange Commission Chairman Paul Atkins, who said Nazarov said enthusiastically interested in how to best bring assets compliance with security laws.
Chainlink’s chief executive, a network that specializes in real -world data validation for smart contracts, said he admired how much the agency had to stay away if the US should allow innovative blockchain tokenizations to the financial system and instead viewed how it could be done with the highest efficiency and safety.
“As cryptocurrencies refer to most of the value of our industry today, I personally feel that the real world of assets and digital-asset tokenization in the institutional world will grow to become the most market cap in our industry,” Nazarov told CoinDesk in an interview after his meeting on Friday. He said the Atkins “had very clear ideas and goals in getting the traditional financial system that operates correctly in the chain.”
Nazarov, who also met with the new Crypto Liaison of the White House, Patrick Witt, on Friday, said he hoped that “Based on Business and Speed” the SEC and the White House were showing. He said he thinks the blockchain’s infrastructure is government to find a place within the broker-dealer and agent transfer rules, allowing the entire tokenization “probably in the middle of next year.”
Chainlink co-founder said that a central task gets blockchains to fully meet the standards for a “legal binding transfer” of properties. “That is a class of problems that are now working with us,” he said, adding that Atkins understood it and mentioned the chairman’s recent address where he was announced his “Project Crypto” initiative.
A SEC spokesperson refused to comment at the meeting, even though the agency was building momentum with Crypto friendly statements, comments and policy maneuvers. Just last week, the security regulator released a joint statement to the Commodity Futures Trading Commission to tell registered platforms that they are OK Pursue spot trading of some crypto assetsissued a Close agenda filled with crypto initiatives And CFTC joined Friday to tell reporters that two market regulators will be today Working on the lockstep to be given way for crypto.
Under the Atkins predecessor, Gary Gensler, the agency resisted the entry into the appropriate regulation of digital assets. Atkins said the existing security laws and the agency’s powers have offered many authorities to start work on friendly policies to clarify how the government approaches the crypto.
Meanwhile, the Senate is working on a crypto market structure bill that will establish new crypto laws and for its regulators. That effort A few developments were seen on Friday As a new, longer version of the previous Senate Banking Committee bill began to spread.
The chainlink network is also Among the areas of digital assets selected Through the US Department of Commerce last week when, for the first time, the federal government has released basic data on economic – the Gross Domestic Product report – by Blockchain. That is set to be a continuous run for commerce and other agencies, according to officials behind the release.
“Our industry has a very unique kind of moment in time now, which if it is used properly it can strengthen its position in the US and therefore the global economy,” Nazarov said.
Read more: Sec, CFTC leaders said
