Annual a16z report spotlights crypto policy
On Nov. 16, a16z shared the release of its annual State of Crypto Report, which considers the impact of blockchains for policymakers considering the future of emerging technology in the United States. In the report , the venture capital firm emphasizes that good regulation should protect consumers and provide compliance pathways, while showcasing continuous growth for the digital asset class. Regulation remains front and center Highlighting the value of these crypto currencies, the report calls out Blockchain analytics firms estimate that it is less than 2% of total crypto activity that is being tied to illicit transactions, and in 2022, it only accounted for between 0.10-0.24% of all crypto activity. The report further shares that regulation has been of ongoing concern to the crypto community, with notable developments, including crypto legislation being passed out of the House committees for the first time in history and courts making landmark rulings, such as ...