Chainlink Welcomes CFTC Push to Clarify Crypto Market Regulation
Summary
- Chainlink said it welcomes the US CFTC's push to clarify regulation of the crypto market.
- Chainlink said it supports the CFTC's effort to establish a clear regulatory framework for the crypto market.
- Chainlink said the CFTC is specifically considering oracles and Proof of Reserve as part of its regulatory discussions.
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Chainlink welcomed the US Commodity Futures Trading Commission's push to clarify regulation of the cryptocurrency market.
Cointelegraph reported on October 5 that Chainlink supports the CFTC's effort to establish a clear regulatory framework for the crypto market.
Chainlink specifically highlighted the CFTC's consideration of oracles and Proof of Reserve in its regulatory discussions.
Oracles are infrastructure that delivers off-chain data to blockchains. Proof of Reserve is a method for verifying whether reserves backing crypto-related assets are being held.
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