Chainlink Welcomes CFTC Push to Clarify Crypto Market Regulation

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Chainlink welcomed the US Commodity Futures Trading Commission's push to clarify regulation of the cryptocurrency market.

Cointelegraph reported on Oct. 5 that Chainlink supports the CFTC's move to establish a clear regulatory framework for the crypto market.

Chainlink also noted that the CFTC is considering oracles and Proof of Reserve in its regulatory discussions.

Oracles are infrastructure that delivers off-chain data onto blockchains. Proof of Reserve is a method for verifying whether reserves are being held for crypto-related assets.