Chainlink’s price saw a nice boost while the rest of the crypto market dipped. This happened after Chainlink Labs announced it joined the SEC’s Crypto Task Force.
Joining the Task Force
The announcement on X (formerly Twitter) stated that Chainlink Labs joined to discuss creating standards for compliant tokenized assets. They believe meeting regulatory requirements is key for the blockchain industry to grow and attract institutional investment. Chainlink claims its platform uniquely offers the compliance, privacy, and infrastructure needed for widespread digital asset adoption. Their Automated Compliance Engine (ACE) helps developers and institutions build smart contracts that automatically follow regulations.
Price Surge
At the time of writing, LINK is trading around $17.49. That’s a nearly 3% increase in the last 24 hours, over 12% in the past week, and more than 33% in the last month. This is in stark contrast to the overall crypto market, which is down about 3.6% in the last 24 hours.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
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