Chainlink CEO: The speed with which the US financial system goes up the chain will determine its global position

Comparing news, Chainlink co-founder and CEO Sergey Nazarov said at the first meeting of the US CFTC Innovation Advisory Committee that he thanked the CFTC and SEC for finally starting an efficient and constructive cooperation rather than publicly clashing with each other before. He believes that this in itself has significantly boosted the reputation and trust of the US financial market, and helped form a unified regulatory vision to prevent the 16 or 25 conflicting rules of the past from hindering innovation.

Nazarov notes that regulatory fragmentation has taken a serious toll. Chainlink provides data, cross-chain and other infrastructure for thousands of applications, and supports most of the DeFi ecosystem. Over the past seven years, he has seen with his own eyes that hundreds of developers have chosen to leave the US due to uncertainty, no longer build high-quality apps in the US, and no longer serve American consumers. These innovators are no longer on the conference site, a huge loss for the US financial system and consumers.

He emphasized that the next trend is clear: tokenizing equity will unlock significant on-chain value. The US stock market currently accounts for about 60% of the value and flow of the global equity market. If the global financial system speeds up the chain, the US must push the chain up at the same or even faster speed in order to maintain this dominant position. Otherwise, innovation and market advantage may be lost.