a16z to Lobby Policymakers On Crypto, Web3 Regulation

a16z to Lobby Policymakers On Crypto, Web3 Regulation

THELOGICALINDIAN - Venture basic close Andreessen Horowitz is sending admiral to Washington to altercate crypto and Web3 regulations with top policymakers

Venture basic close and above crypto broker Andreessen Horowitz (a16z) will accommodated with policymakers in Washington to advance its eyes for the acknowledged adjustment of crypto and Web3. 

a16z to Discuss Crypto in Washington 

Andreessen Horowitz (a16z) affairs to accommodated with leaders in Washington to lay out its eyes for how the U.S. should adapt crypto and the abutting abundance of the Internet, bargain accepted as Web3.

CNBC reported Wednesday that the close affairs to accelerate several admiral to Washington to accommodated with policymakers and leaders from the White House to advance its “policy calendar for the third bearing of the Internet.” The close believes that U.S regulators and policymakers should booty advantage of the accoutrement Web3 provides to body an Internet that is bigger at “unlocking opportunity, accepting data, and analytic analytical challenges for society.”

a16z is a above broker in crypto and added decentralized technologies, active three funds adherent to advance in the amplitude accretion over $3.1 billion in assets beneath management. The close defines Web3 as a apartment of technologies that “encompasses agenda assets, decentralized finance, blockchains, tokens, and DAOs,” and believes acumen its abeyant depends on acute policy. 

In the agenda appear Wednesday, a16z suggests Web3 technologies can restore assurance in institutions and aggrandize admission to befalling but crave a forward-thinking access from action leaders. The address reads: 

“Good adjustment establishes a framework for how addition can account association while managing the absolute risks that ability contrarily abuse consumers. It’s time to ascertain that vision. It’s time to body a bigger Internet.”

Over the aftermost month, a16z has submitted a letter to the Senate acclamation the new crypto tax proposals set in the Infrastructure Bill, appear a action framework angle on stablecoins, and aggregate four legislative proposals with associates of the Senate Banking Committee accoutrement DAOs, customer aegis in DeFi, authoritative harmonization, and crypto tax advertisement requirements.

Now, the close wants to accommodated with leaders in Washington to advice them accept and actualize a absolute civic action for crypto and Web3 technologies. In a Tuesday interview, Tomicah Tillemann, all-around arch of action for a16z, told CNBC that the aboriginal footfall is to ensure that policymakers are acquainted of the challenges to come. He said:

“There are acceptable few areas that will be added consequential in free the abiding success of a country in the 21st aeon than the affection of its agenda infrastructure. And in the United States appropriate now, we’re not alone accident this race, but it’s cryptic that abounding of our policymakers alike admit that there’s a antagonism underway.”

Over the aftermost few years, Andreessen Horowitz has positioned itself at the beginning of the agenda assets revolution, advance millions into projects that accept become domiciliary names, including the play-to-earn bold Axie Infinity, the NFT exchange OpenSea, and the blockchain gaming development flat Dapper Labs. The close has additionally broadcast its crypto-focused team, assassin ex-CFTC administrator Brian Quintenz as an advising partner, and poached two key employees from Facebook’s Novi wallet project.