The decentralized oracle network Chainlink (LINK) defied the overall crypto market dip and witnessed a mild bump in price after Chainlink Labs announced that it had joined the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force.
The project announced on the social media platform X that it had joined the task force to “discuss the need for standards enabling the compliant issuance and trading of tokenized assets at scale.”
[adinserter block="1"]“For the blockchain industry to reach its full potential and tap institutional capital, meeting regulatory requirements is essential. Only Chainlink provides the compliance, privacy, cross-chain, and data infrastructure needed to scale digital asset adoption in a single platform.
Chainlink’s Automated Compliance Engine (ACE) enables developers and institutions to define and enforce compliance policies directly within smart contract workflows, providing a framework for tokenized assets to remain compliant with regulatory requirements as they move across the on-chain economy.”
LINK is trading at $17.49 at time of writing. The 17th-ranked crypto asset by market cap is up nearly 3% in the past 24 hours, more than 12% in the past seven days and more than 33% in the past month.
By comparison, the overall crypto market is down 3.6% in the past 24 hours, according to data from CoinGecko.
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