Brian Quintenz, policy director of a16z Crypto, posted on social media that the latest proposed digital asset market structure bill by the Financial Services Committee of the U.S. House of Representatives is not perfect.
But with the right goals, it is also an effort by the US government to provide clarity on the need for encryption and a decentralized blockchain to protect American consumers while maintaining American innovation and economic opportunity.
Responsible cryptocurrency and blockchain companies have been demanding clear rules from regulators and policymakers. There is no substitute for clear and transparent legislation.
Brian Quintenz said that a16z Crypto looks forward to working with the Financial Services Committee of the U.S. House of Representatives to provide the clarity and rules needed for blockchain technology.