The top executives of venture capitalist Andreessen Horowitz, (a16z), believe the United States will soon embrace the crypto industry.
According to a new blog, Miles Jennings (general counsel), Michele Korver (head of regulatory affairs), and Brian Quintenz (head of policy) of a16zcrypto, the results of the US elections on November 5th are favorable for digital assets.
The voters not only chose pro-crypto Republican Donald Trump for president but they also gave Republicans a majority of the senate in US Congress, and possibly (votes are still being counted) a Republican majority at the House. Republicans tend to be more pro-digital assets than Democrats.
Industry critics have criticized current US president Joe Biden (a Democrat) for failing to pass clearer crypto regulations. U.S. Securities and Exchange Commission, currently headed by Gary Gensler has been criticized for bringing lawsuits against top US crypto exchange Coinbase and accusing them of illegally selling securities.
Three executives from a16zcrypto think that new crypto regulations will be adopted by the US soon, which will boost the growth of the industry.
The good news is there’s now a path for constructive engagement and legislative clarity with the regulatory agencies…
“The future of crypto is bright in the US – now’s a great time to start building here and we are excited to see the regulatory clarity that may finally arrive.”
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Andreessen-Horowitz: Future of Cryptocurrency in US is Bright and Sees Digital Asset Pathway towards Regulatory Clarity, may be updated as new information becomes available.
