🚨 Chainlink Labs Engages with U.S. Treasury on the GENIUS Act 💼

Chainlink Labs has officially shared its recommendations with the U.S. Treasury, offering forward-thinking solutions to help identify and prevent illicit activities in the digital asset space. 🧩

💡 The submission highlights four key principles aimed at balancing compliance with privacy protection:

1️⃣ Portable, verifiable digital identities

2️⃣ Separation of platform control from customer ownership

3️⃣ Automated, rule-based on-chain compliance systems

4️⃣ Cryptographic proof of asset reserves

Chainlink Labs emphasized its ongoing commitment to working with U.S. regulators to develop frameworks that encourage innovation while maintaining trust and transparency. 🌐

Together, these initiatives mark another step toward a secure, compliant, and transparent Web3 financial system.

#DigitalAssets #Web3Compliance #Chainlink #LINK #DeFi

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