Andreessen Horowitz, a crypto-influential venture capital firm, has given governments tips on how cryptoassets should be regulated.
a16z aka Andreessen Horowitz “How to Build a Better Internet: 10 Principles for World Leaders Shaping the Future of Web3”. In this document, the company advocates a multi-stakeholder regulatory approach that includes governments, businesses and civil society groups. He also recommends that stablecoins should be well regulated and put to work to improve the financial system. The report includes the following statements on the subject:
Andreessen also recommends cross-country cooperation on more transparent tax codes and “targeted” regulatory regimes that recognize the diversity of Web 3.0 technologies. The company argues that treating all digital assets the same is similar to having a single legal regime for stocks, real estate, cars, artwork, watches and trading cards.
This document represents the final step towards US regulation by the leading players in the crypto space. Previously, leading crypto-asset trading platforms such as Binance and FTX also expressed their thoughts on how crypto assets should be regulated.