Chainlink CEO: The Speed of On-Chain Adoption in the U.S. Financial System Will Determine Global Standing

Odaily Planet Daily News – Chainlink Co-Founder and CEO Sergey Nazarov stated during the inaugural meeting of the U.S. CFTC Innovation Advisory Committee that he appreciates the efficient and constructive collaboration between the CFTC and SEC, as opposed to the previous public conflicts between the two agencies. He believes this has significantly enhanced the reputation and trust in the U.S. financial markets and contributes to forming a unified regulatory vision, avoiding the past scenario of '16, 25 conflicting rules' that hindered innovation. Nazarov pointed out that regulatory fragmentation has come at a severe cost. Chainlink provides data, cross-chain infrastructure, and other foundational services for thousands of applications, supporting the majority of the DeFi ecosystem. Over the past seven years, he has personally witnessed hundreds of developers leave the U.S. due to regulatory uncertainty, choosing not to build high-quality applications in the U.S. or serve U.S. consumers. These innovators are no longer present at such meetings, which represents a significant loss for the U.S. financial system and its consumers. He emphasized that the next trend is clear: equity tokenization will unlock substantial on-chain value. The U.S. stock market currently accounts for approximately 60% of the global equity market's value and flow. If the global financial system accelerates its on-chain adoption, the U.S. must advance at an equal or even faster pace to maintain its dominant position. Otherwise, innovation and market advantages may be lost.