Bloomberg reports that US president-elect Donald Trump plans to make cryptocurrency a national priority by issuing an executive order. This news has generated reactions from industry players, including Chainlink co-founder Sergey Nazarov. Nazarov believes that if being on-chain becomes a national priority for financial institutions, they will need a secure and reliable way to use various data on-chain. He also emphasizes the need for efficient and compliant interconnection between different chains. Despite the potential complexities, Nazarov suggests creating a simple development environment to manage this transition. Additionally, community liaison at Chainlink Zach Rynes proposes the introduction of a universal gas token to convert institution revenues through payment abstraction mechanisms. Trump's belief in Chainlink is evident through a recent partnership with his family's crypto project, World Liberty Financial. The partnership aims to enhance security and interoperability for the WLF protocol. The Bloomberg report also suggests that Trump could order a review of existing digital asset policies and pause litigations involving cryptocurrencies held by US banks. The US is also considering establishing a Bitcoin strategic reserve. Coinbase's vice president for US policy, Kara Calvert, agrees that the Trump administration will lead the US into a significant crypto transformation.
Content Editor ( crypto-news-flash.com )
- 2025-01-17
“Now We’re Cooking with Gas”: Chainlink Founder on Institutional On-Chain Adoption
