Chainlink CEO Sergey Nazarov met with US securities and exchange commission chairman Paul Atkins, as Nazarov said was very interested in how best to bring assets on the chain in accordance with securities laws.
CEO of Chainlink, a network that specializes in authentication data in the real world for smart contracts, said he was impressed with how much the agency has shifted away from whether the US should allow blockchain-tokenization innovations to the financial system and instead look at how this can be performed with maximum efficiency and market security.
“While Cryptocurrencies define the majority of our industrial value today, I personally feel very strongly that the real world’s active trend and digital-active tokenization in the institutional world will grow to be the majority of market capital in our industry,” Nazarov told Coindesk in an interview after his Friday meeting. He said that Atkin’s “has very clear ideas and goals of making the traditional financial system work properly on-chain.”
Nazarov, who also met with White Huss’s new crypto connection, Patrick Witt, on Friday, said he is very hopeful “based on the urgent and speed” Sec and the White House demonstrate. He said he believes that blockchain infrastructure will manage to find a place in brokerage dealers and transfer agent rules, allowing full-in-tokenization “maybe in the middle of next year.”
Chainlink co-founder said a central task causes blockchains to fully meet the standards of a “legally binding transfer” of assets. “It’s a class of problems now being worked with us,” he said, adding that Atkins understands it well and noticed the chairman’s recent address, announcing his “Project Crypto” initiative.
A SEC spokesman declined to comment on the meeting, although the agency has built up speed with crypto-Religent statements, remarks and political maneuvers. Just last week, the Securities regulator issued a joint statement with the Commodity Futures Trading Commission to tell registered platforms that they are in order to pursue Spothandel with certain crypto assets, issued an almost term agenda, now crowded with crypto-initiatives and joining CFTC on Friday to tell that the two market regulators Panse on the road.
Under Atkins’ predecessor, Gary Gensler, the agency had resisted to start tailoring digital assets. Atkins says the existing securities and the agency’s powers offer ample authority to start working with friendly policies to clarify how the government is approaching crypto.
Meanwhile, the Senate is working on a bill on crypto market structure that would establish new laws for crypto and for its regulators. This effort saw some progress on Friday when a new, longer version of the Senate Bank Committee’s former Bill began to circulate.
Chainlink’s network was also among the digital assets selected by the US Ministry of Commerce last week when the federal government for the first time issued large financial data – the gross domestic processing report – via Blockchain. It is intended to be an ongoing trend for trade and other agencies, according to the officials behind the release.
“Our industry has a very unique form of time right now that if it uses it well, it can solve its position in the US and therefore the global economy,” Nazarov said.
Read more: SEC, CFTC Chiefs says Krypto Torv Warrior over when agencies move on to joint work
