Chainlink CEO: Speed at which the U.S. financial system goes on-chain will determine its global standing.

Chainlink co-founder and CEO Sergey Nazarov stated at the first meeting of the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee that he appreciates the CFTC and the U.S. Securities and Exchange Commission (SEC) finally beginning to cooperate efficiently and constructively, rather than openly conflicting with each other as they did before. He noted that this in itself has significantly enhanced the reputation and trust of U.S. financial markets, and will help form a unified regulatory vision, avoiding past situations where "16 or 25 conflicting rules" hindered innovation. Nazarov pointed out that regulatory fragmentation has already caused serious costs. Chainlink provides infrastructure such as data and cross-chain services for thousands of applications, and supports most of the DeFi ecosystem. Over the past seven years, he has witnessed firsthand hundreds of developers choosing to leave the U.S. due to regulatory uncertainty, no longer building high-quality applications in the U.S. or serving U.S. consumers. These innovators are no longer present at the meeting, representing a huge loss for the U.S. financial system and consumers. He emphasized that the next trend is clear: equity tokenization will unlock massive on-chain value. The U.S. stock market currently accounts for about 60% of the global equity market's value and trading volume. If the global financial system accelerates its on-chain transition, the U.S. must advance its on-chain development at an equal or even faster pace to maintain this leading position. Otherwise, innovation and market advantages may be lost.