A Silicon Valley-based enterprise capitalist is planning to meet with White House officers to talk about cryptocurrency rules.
Investment agency Andreessen Horowitz, often known as a16z, is sending representatives to Washington to promote its imaginative and prescient on how digital belongings ought to be regulated within the United States, in accordance to a CNBC report.
Global head of coverage for a16z Tomicah Tillemann says that due to the decentralized nature of cryptos, it might make sense to create new governmental companies to regulate them past the scope of the U.S. Securities and Exchange Commission (SEC).
“In the short-term, there are companies just like the Consumer Financial Protection Bureau which are nicely suited to addressing a number of the fraud and shopper safety issues which were voiced by policymakers within the house.
In the long term, there most likely is an excellent case for creating regulatory structure that’s match for goal within the twenty first century.”
According to Tillemann, the US is falling behind on regulating its digital infrastructure, a priority which he hopes the agency can carry to the eye of lawmakers.
“There are probably few areas that will probably be extra consequential in figuring out the long-term success of a rustic within the twenty first century than the standard of its digital infrastructure.
And within the United States proper now, we’re not solely dropping this race, nevertheless it’s unclear that a lot of our policymakers even acknowledge that there’s a contest underway.”
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