The decentralized oracle community Chainlink (LINK) defied the general crypto market dip and witnessed a light bump in worth after Chainlink Labs introduced that it had joined the U.S. Securities and Trade Fee’s (SEC) Crypto Task Force.
The undertaking announced on the social media platform X that it had joined the process power to “focus on the want for requirements enabling the compliant issuance and buying and selling of tokenized property at scale.”
“For the blockchain business to succeed in its full potential and faucet institutional capital, assembly regulatory necessities is important. Solely Chainlink gives the compliance, privateness, cross-chain, and information infrastructure wanted to scale digital asset adoption in a single platform.
Chainlink’s Automated Compliance Engine (ACE) allows builders and establishments to outline and implement compliance insurance policies instantly inside sensible contract workflows, offering a framework for tokenized property to stay compliant with regulatory necessities as they transfer throughout the on-chain economic system.”
LINK is buying and selling at $17.49 at time of writing. The Seventeenth-ranked crypto asset by market cap is up almost 3% in the previous 24 hours, greater than 12% in the previous seven days and greater than 33% in the previous month.
By comparability, the general crypto market is down 3.6% in the previous 24 hours, in accordance with information from CoinGecko.
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