“Sergey Nazarov Met with Sec Chairman Paul Atkins and Told Coindesk He’s Impressed by How’s Serious Atkins Is About Moving Quickly on Tokenization.”, – WRITE: www.coindesk.com
The Chief Executive of Chainlink, A Network Specializing in Authenticating Real-World Data for Smart Contracts, Said He Was Impressed WitH HOW MUCH AGERM HASSHTHED FROM FROM FROM FROM FROM Tokenization Innovations Into the Financial System and Insthead is Looking at How This Can Be CONDUCTED CODH MAXIMUM Eficiency and Market Safety.
“While Cryptocurrencies Define of the Majority of Our Industry’s Value Today, I Personally Feel Very Strongly That The Real-World Asset Trend and Digital-Asset Inst. Majority of the Market Cap in Our Industry, “Nazarov Told Coindesk in An Interview After His Friday Meeting. He Said Atkins “HAS VERY CLEAR IDEAS AND GOALS WITH GETTING The Traditional Financial System Operation Correctly On-Chain.”
Nazarov, Who Also Met with the White House’s New Crypto Liaison, Patrick Witt, on Friday, SAID HES VERY HOPEFUL “Based on the Urgency and Speed” The Sec and the. He said heens blockchain infrastructure will manage to find a place withce broker-dealer and transfer agent rules, Allowing Full-in Tokenization “Maybe by The Middle of Netle.
The Chainlink Co-Funder Said One Central Task is Getting Blockchains to Fully Meet The Standards for A “Legally Binding Transfer” of Assets. “That’s a class of problems that’s now getting worked through US,” He Said, Adding that Atkins Understans It Well and Noted The Chairman’s Recent Address in ” Initiative.
An Sec Spokesman Decklined to Comment on the Meeting, Thought The Agency Has Been Building Momentum with Crypto-Friendly Statements, Remarks and Policy Maneuvers. Just Last Week, The Securities Regulator Issued A Joint Statement with The Commodity Futures Trading Commission to Tell Registered Platforms that Ok to Pursue Spot. Agenda that is Crowded with Crypto Initiatiatiats and Got Together with the CFTC on Friday to Tell Reporters That Two Markets Regulators Will Now Be Working in Lockstep.
Under Atkins’ Predecessor, Gary Gensler, The Agency Had Resisted Embarching on Tailored Digital Assets Regulation. Atkins Says the Existence Securities Laws and Agency Powers Offer Ample Authority to Start Work on Friendly Policies to Clarify The Government Approaches Crypto.
Meanwhile, The Senate Is Working on a Crypto Market Structure Bill That Wuld Establish New Laws for Crypto and for Its Regulators. That Effort Saw Some Progress on Friday as A New, Lengthier Version of the Senate Banking Committe’s Earlier Bill Began Circulating.
Chainlink’s Network Was Also Among the Digital Assets Venues Chosen by the US Department of Commerce Last Week WHEN, for the FIRST TIME, The Federal Government DAMER – blockchain. That’s Set to be an Ongoing Trend for Commerce and Other Agencies, Account to the Officials Behind the Release.
“Our Industry Has A VERY UNIQue Kind of Moment in Time Right Now, that if It Use It Well It Can Solidify Iti Position in the Us and Therefore The Global Economy,” Nazarov Said.
Read More: Sec, CFTC Chiefs Say Crypto Turf Wars Over As Agencies Move AHEAD ON Joint Work
Christian Catalini Warns that Corporate-Pelkchains Like Stripe’s Temp and Circle’s Arc Risk Repeating the Compromises that Doomed Libra’s Open Vision.
- Christian Catalini Said Libra’s Open, Self-Custodial Design Was Gutted Early Under Regulatory Pressure.
- He Argued Tempo and Arc Risk Rebuilding Old Financial Hierarchies Under New Corporate Leaders.
- Catalini Called Tempo a “Referendum on the Ghost of Libra,” Suggesting Crypto’s Decentralization Dream May Be Giving Way to Pragmatic Centralization.
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