a16z Crypto founder: The crypto market has overcome many technical obstacles, and the US government still needs to further clarify regulation
Chris Dixon, the founder of a16z Crypto, recently discussed his views on stablecoin regulation and the need for further clarification of regulations by the US government.
He mentioned that the cryptocurrency market has overall overcome many previous technical barriers, or what he called "gates." Dixon said, "There are two major constraints in the current market, one is infrastructure, and the other is policy clarity."
Although many analysts claim that large investors do not pay attention to application-layer startups, Dixon disagrees: "In the past few years, at least half of our investments have been in the application layer. However, the problem is that they cannot build what they want to build because they are afraid of being caught up in legal disputes in the next five years."
He stated that with the development of new entrepreneurs, new applications, and digital asset fields, "real revival and unlocking" is possible. Infrastructure already exists, but the lack of regulatory transparency hinders the development of the entire industry. Dixon advocates that instead of chasing sensational cases, it is better to formulate a regulatory policy that prioritizes transparency, provides a path for benign participants, and eliminates "scammers" and other malicious participants. "It is first for consumers, but second for the entire industry. If we do not solve this problem, problems similar to FTX may occur."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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