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Chainlink (LINK) Founder Shared Secret Details Discussed at the White House Cryptocurrency Summit!
Chainlink co-founder Sergey Nazarov revealed details about the White House Digital Summit he attended.
According to Nazarov, the management is determined to end regulatory pressure and position the country as a leader in the emerging Web3 economy.
Nazarov, speaking about the event, highlighted the increasing interaction between policymakers and the cryptocurrency industry. While optimism is growing about the government's approach to digital assets, he pointed out that much of the market's initial enthusiasm for Bitcoin has already been priced in during the election season. However, he expects that further regulatory clarity will pave the way for more significant institutional adoption, which could significantly expand the market.
Nazarov said, "As we obtain more clarity and especially as this clarity allows for more regulated institutions to enter the sector, the figures represented by these institutions will clearly show that this is a much larger market than it is now."
Most of the summit passed with statements from President Trump and technology investor David Sacks to the public, while Nazarov shed light on the discussions behind closed doors. Industry leaders, appreciating the participation of key officials including the Treasury Secretary, Commerce Secretary, and Congress members such as Tom Emmer and Bryan Steil, expressed widespread optimism.
Nazarov noted that it is increasingly recognized that the crypto industry has been unfairly targeted in past regulatory environments. 'It is now better understood that our sector has been unfairly persecuted in a way that will prevent its development in the United States,' he said.
According to Nazarov, the management's strategy revolves around securing the leadership of the United States in the global crypto economy. "The general slogan of this management is that if something has a global impact or an impact on the US economy, then they want to be in a leadership position."
It argued that this commitment is emphasized with commitments to the presence of top officials and ensuring that the crypto industry is no longer suffocated by unfair policies. The government said its aim is to create an environment where blockchain innovation can thrive and make the U.S. a dominant force in the Web3 financial system.
When asked what steps the US needs to take to take advantage of this position, Nazarov pointed to the country's already strong financial system and its reputation for reliable transactions and low levels of fraud. He outlined three key priorities to further strengthen its leadership:
Nazarov believes that if the United States successfully addresses these priorities, it can not only support the growth of the crypto industry domestically but also gain a competitive advantage in the broader global financial system.