Chainlink CEO Discusses Tokenization Future with SEC Chairman Atkins
Chainlink CEO Sergey Nazarov met with SEC Chairman Paul Atkins to discuss compliance for on-chain assets with securities laws. Nazarov noted the SEC's shift towards facilitating blockchain tokenization rather than questioning its integration into finance.
Key points from the meeting include:
- Nazarov believes real-world asset tokenization will dominate market cap in the future.
- Atkins is focused on integrating blockchain within traditional financial systems, aiming for legally binding asset transfers.
- Nazarov expressed optimism about the SEC and White House's urgency regarding crypto regulations.
- The SEC and CFTC recently indicated support for registered platforms trading certain crypto assets.
- A Senate crypto market structure bill is progressing, aiming for clearer regulations.
- Chainlink's network was selected by the U.S. Department of Commerce to provide economic data via blockchain.
Nazarov emphasized the industry's unique opportunity to solidify its position in both the U.S. and global economy.