The decentralized oracle community Chainlink (LINK) defied the final crypto market dip and witnessed a lightweight bump in ticket after Chainlink Labs launched that it had joined the U.S. Securities and Substitute Commission’s (SEC) Crypto Task Pressure.
The mission launched on the social media platform X that it had joined the duty pressure to “discuss the need for standards enabling the compliant issuance and buying and selling of tokenized sources at scale.”
“For the blockchain business to reach its fleshy likely and faucet institutional capital, assembly regulatory requirements is important. Very most real looking Chainlink offers the compliance, privacy, tainted-chain, and data infrastructure wanted to scale digital asset adoption in a single platform.
Chainlink’s Computerized Compliance Engine (ACE) permits developers and institutions to account for and implement compliance insurance policies without delay within beautiful contract workflows, offering a framework for tokenized sources to dwell compliant with regulatory requirements as they circulate all around the on-chain financial system.”
LINK is buying and selling at $17.49 at time of writing. The 17th-ranked crypto asset by market cap is up virtually about 3% in the previous 24 hours, more than 12% in the previous seven days and more than 33% in the previous month.
By comparison, the final crypto market is down 3.6% in the previous 24 hours, essentially based on data from CoinGecko.
Generated Image: Midjourney
