The Rollup Is Tokenization Ready for Wall Street? with Adam Minehardt
Mar 19, 2026
Adam Minehardt, Chief Legal Officer at Chainlink and former Capitol Hill/corporate lawyer, discusses TradFi meeting DeFi. He covers the Clarity Act and stablecoin yield talks. He explains filing-rule shifts, the innovation exemption’s scope, SEC-CFTC coordination, and tokenization use cases from energy to infrastructure. He outlines who might win as tokenized markets and liquidity evolve.
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Regulatory Plumbing Signals TradFi Welcome
- SEC filing changes signal regulators are reworking plumbing to welcome TradFi into crypto.
- Adam says small technical changes like quarterly-to-biannual filings act as green lights for regulated institutions to enter digital assets.
Innovation Exemption Will Be Narrow
- The innovation exemption will be narrow and defensible in court, aimed at smaller projects.
- Adam expects it to be winnowed to safe-harbor limited fundraising and airdrops rather than big name tokens.
TradFi Market Makers Likely To Litigate
- Expect litigation from TradFi, especially market makers, against regulatory changes that favor blockchain.
- Adam highlights market makers like Citadel will protect turf while asset managers may be less litigious.