CoinDesk Podcast Network Sergey Nazarov on Crypto Bill: "Possible, if the Government Turns Back On"
Nov 6, 2025
In this insightful discussion, Sergey Nazarov, the Co-founder of Chainlink and a blockchain infrastructure expert, delves into the evolving U.S. crypto policy. He explores how recent political shifts have accelerated industry growth and legitimized blockchain in finance. Sergey counters the misconception that blockchains facilitate money laundering, asserting they actually reduce illicit activities. He also touches on institutional adoption and the potential passage of the market structure bill, highlighting a transformative future for the financial system.
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Policy Shift Converts Deals To Live Infrastructure
- The Trump administration made crypto a priority and installed leaders to grow the sector across agencies.
- That shift removed a major counterbalancing force and is converting long-term institutional deals into go‑live implementations.
FTX Tied Crypto To Political Backlash
- Sergey describes how FTX's founder's donations tied crypto to Democrats and pushed them to take a hard stance.
- He says that dynamic, plus Republicans going pro-crypto, made crypto feel like a partisan issue until its broader value became clearer.
Blockchain As The Next Financial System
- Blockchain value goes beyond speculative tokens to tokenizing financial assets like bonds, stocks, and funds.
- That realization reframes market‑structure discussions as infrastructure modernization, not just crypto speculation.