This highlights Chainlink founder Sergey Nazarov’s collaboration with U.S. lawmakers on a bill requiring real-time, on-chain asset verification for stablecoins, tokenized real estate, and investment funds, aiming to enhance transparency in the crypto space.
This proposed “Proof of Bill” addresses vulnerabilities exposed by events like the 2022 FTX collapse, where lack of transparent audits led to massive fraud, by mandating instant verification to prevent insolvency risks.
Chainlink’s infrastructure, already used for Proof of Reserve, would become a regulatory standard if the bill passes, potentially positioning $LINK as a critical compliance token in the evolving blockchain financial system.
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