Chainlink CEO: Speed of US Financial System On-Chain Adoption Will Determine Its Global Standing

On August 21, at the inaugural meeting of the US CFTC Innovation Advisory Committee, Chainlink co-founder and CEO Sergey Nazarov expressed gratitude that the CFTC and SEC have begun efficient, constructive cooperation, forming a unified regulatory vision and avoiding the past "16 or 25 conflicting rules" that hindered innovation. He noted that regulatory fragmentation has exacted a severe toll, and pointed out that Chainlink provides data, cross-chain, and other infrastructure for thousands of applications, underpinning most of the DeFi ecosystem.

Nazarov stated that over the past seven years, he has witnessed hundreds of developers leave the US due to uncertainty, no longer building high-quality applications there or serving American consumers—a significant loss to the US financial system and its consumers. He emphasized that equity tokenization will unlock substantial on-chain value, with US stock markets currently accounting for approximately 60% of global equity market value and flows. If the global financial system accelerates its move on-chain, the US must advance at an equal or faster pace, or risk losing its innovation and market advantages.

[BlockBeats]