Nazarov: US Crypto Regulation 'Working' as White House Pushes for CLARITY Act

Chainlink co-founder Sergey Nazarov expressed optimism about the US government's approach to regulating cryptocurrencies, stating that it is 'working'.

Nazarov made this comment at a White House conference on digital assets, which brought together leaders from traditional financial institutions and crypto companies such as Coinbase, Ripple, and Chainlink.

The event focused on legislative market structure for digital assets and US industry competitiveness. President Trump urged Congress to pass a 'fair version' of the CLARITY Act and mentioned that regulators are studying how to allow Hyperliquid to serve the US market within a compliant framework.

The SEC has proposed the 'Regulation Crypto Assets' rule, which includes exemptions for token fundraising and investment contracts. The CFTC will hold its first Innovation Advisory Committee meeting on August 20 to discuss crypto assets, AI, and prediction markets.