The US presidential election has recently come to an end, and crypto entrepreneurs have been consulting a16z about the impact of policy changes on the crypto industry. Recently, a16z has stated that there is increasing consensus between the two major parties in the US regarding cryptocurrencies, and a16z is optimistic about the future development of the industry.
a16z is optimistic about the industry’s development, and cryptographic innovation applications are gradually being realized.
a16z states that in the coming months, there will be voices in the market regarding regulations for the crypto industry, but it is currently uncertain which direction the policies will take. However, a16z emphasizes that overall, the US government may encourage continued development of crypto startups and related individuals and create a favorable regulatory environment to support them.
a16z states that if crypto regulations are gradually put in place, cryptographic technology will bring more consumer-friendly services. a16z is quite optimistic and bullish on future crypto applications, including digital identity autonomy, new business models for creators, low-cost cross-border stablecoin payment transactions, tools for small businesses to interact with customers, decentralized social networks (SocialFi), the development of energy grids and other infrastructure, as well as the widespread application of blockchain in AI and gaming. With a gradually clear regulatory framework in the future, more innovative applications may be realized.
Lowering the threshold for government-industry dialogue, encouraging entrepreneurs to invest in token applications.
a16z believes that the current regulatory progress helps promote communication between the crypto industry and regulatory institutions, which will encourage entrepreneurs from different fields to invest in innovative applications, including tokens, and emphasizes that innovation on decentralized architecture should also comply with regulations.
a16z also reminds that crypto projects need to avoid excessive reliance on trust mechanisms to reduce regulatory risks because the “regulatory principles” remain unchanged.
Calling on the industry to comply with regulations when issuing tokens, new DUNA guidelines will be issued to assist development.
a16z states that although regulations will be relaxed, regulatory agencies will still pay special attention to high-risk commercial activities such as ICOs. a16z advises the industry to continue planning token launches based on the principles outlined in the “Token Launch Playbook” to avoid being on the edge of illegality.
Addressing the concerns of many crypto businesses in the past that have delayed token launches due to regulatory issues, a16z also reveals that they will release guidelines for decentralized unincorporated nonprofit organizations (DUNA) to assist crypto projects in the US and reduce legal risks for token holders, while addressing tax and regulatory requirements, thereby stimulating the market.
(A16z Annual Crypto Report: Three Major Crypto Legislative Changes in the US this Year)