Andreessen Horowitz lobbying financial watchdogs to loosen crypto regulations

2019-9-4 03:54

Andreessen Horowitz, a venture capital company focused on crypto innovation, brought several Washington regulators together to promote crypto adoption and discuss regulation. The May event includes representatives from the U.S. Treasury, SEC, and CFTC alongside some of the most influential blockchain companies, reported the Wall Street Journal.

Behind the scenes, a16z is quietly fighting for crypto

Andreessen Horowitz was one of the first to invest in tech giants such as Facebook, Airbnb, and GitHub. Now, the venture fund is leading the way in crypto innovation. Following its success in the traditional startups, the Silicon Valley firm launched a $300 million fund for crypto investments, spearheading the crypto revolution.

A report from The Wall Street Journal revealed that alongside its hefty investments, the company is quietly working on improving crypto regulations in the U.S. According to the Sept. 2 report, the company held a full-day, private conference in San Francisco in late May, where they brought together Washington regulators and heads of major crypto and blockchain projects.

The meeting was supposed to act as an ice-breaker and facilitate the much-needed discussion between those governing the financial sector and those set to disrupt it.

Marc Andreessen, the founder of a16z, held an optimistic speech at the beginning of the event and called for regulators to be more open-minded toward cryptocurrencies. The crypto industry today resembles the internet in its early days, he said, adding that it has the potential to disrupt the world in the same way.

Regulators still not convinced about the benefits of crypto

Sources present during the meeting revealed that it was attended by officials from the U.S. Department of Treasury, the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC), as well as some of the largest crypto firms.

The main takeaway from the meeting, set in Andreessen’s opening remarks, was that cryptocurrencies have the potential to solve some of the internet’s biggest challenges. The Wall Street Journal reported that Andreessen said if Washington adopted less stringent regulations then problems such as user privacy concerns could be resolved.

But, as promising as the meeting looked, it seems like it will take more than one sit-down to convince Washington’s financial watchdogs to loosen up on crypto.

None of them seemed to have responded positively to Andreessen Horrowitz’s lobbying. J. Christopher Giancarlo, who was chair of the Commodity Futures Trading Commission (until stepping down in July) said he warned Andreessen Horowitz that regulation of crypto could not be brushed aside, Wall Street Journal reported.

“Some of the things you learned from your older VCs, this won’t transfer,” he said.

The Treasury Department’s undersecretary for terrorism and financial intelligence said that crypto startups need to focus more on compliance with global AML regulations, indicating that the industry still has a long way to go before watchdogs are more accepting toward cryptocurrencies.

The post Andreessen Horowitz lobbying financial watchdogs to loosen crypto regulations appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0413084 (-100%)

crypto andreessen horowitz lobbying regulations financial watchdogs

crypto andreessen → Результатов: 82


Фото:

Multibillion-Dollar Crypto Fund Boss Takes Bitcoin Seriously, Says Its Underlying Tech Is Reshaping The World As We Know It

Marc Andreessen, co-founder, and general partner at Andreessen Horowitz is unfazed that Nakamoto’s creation, Bitcoin is the greatest and most successful innovation of this generation. Speaking to Bloomberg on Wednesday, the fund manager who has been investing in crypto assets since 2013 and his firm raised more than $3 billion across its three crypto funds […]

2021-8-8 16:27


Фото:

Renowned VC Firm Andreessen Horowitz Invests $15 Million In MakerDAO’s Stablecoin

Renowned venture capital firm Andreessen Horowitz has invested $15 million in MakerDAO’s stablecoin, the company recently revealed in a press statement. The VC firm, which is considered one of the most elite in the world, has become increasingly involved in the crypto industry in the past year having set up a $300 million blockchain fund […] The post Renowned VC Firm Andreessen Horowitz Invests $15 Million In MakerDAO’s Stablecoin appeared first on NullTX.

2018-9-26 02:00


Andreessen Horowitz вложил $15 млн в развитие стейблкоина MakerDAO

Криптофонд венчурного фонда Andreessen Horowitz (a16z) вложил $15 млн в блокчейн-проект MakerDAO. Стартап развивает одноименный стейблкоин MakerDAO (MKR). Фонд приобрел 6% от общего числа монет.

2018-9-25 09:50


Andreessen Horowitz инвестировала $15 млн в блокчейн-стартап MakerDAO

Американская венчурная компания из Кремниевой долины Andreessen Horowitz (a16z) инвестировала $15 млн в стейблкоин MakerDAO (MKR). Владение токенами MKR позволит a16z участвовать в управлении MakerDAO и Dai Credit System.

2018-9-25 09:16


Dfinity Foundation собрал $102 млн в рамках закрытого токенсейла

Проект Dfinity Foundation провел закрытую продажу токенов для аккредитованных инвесторов, собрав $102 млн на создание собственного блокчейн-протокола. Возглавило раунд финансирования криптовалютное подразделение венчурной фирмы Andreessen Horowitz (a16z).

2018-8-30 21:55


Andreessen Horowitz Launches a 300 Million Crypto Focused Fund

Andreessen Horowitz announced on Monday, June 25, that it has launched a16z crypto, which is a new 300 million fund to invest in cryptocurrency companies and protocols. Moreover, the VC powerhouse hired Katie Haun who will be its first ever female general partner to co-lead the fund alongside Chris Dixon, the company’s veteran general partner, […] Andreessen Horowitz Launches a 300 Million Crypto Focused Fund was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-2 20:19


Andreessen Horowitz not a catalyst in crypto-comeback, says Bart Smith

CNBC Fast Money recently tweeted an interview on the cryptocurrency market and its comeback with Bart Smith, the Digital Asset Leader of the trading conglomerate group – Susquehanna International. During the interview, Smith shared in detail, his views on various catalysts leading to the comeback of retail in crypto. On being asked if retail will […]

2018-6-27 19:24


Venture Capital Andreessen Horowitz launches a crypto fund worth $300M – a16z crypto

American Private Venture Capital, Andreessen Horowitz announced a $300 million worth venture fund named “a16z crypto” for cryptocurrency companies and protocols. Chris Dixion, General partner at Andreessen Horowitz mentioned the same in one of his Twitter posts, which detailed the features of the traditional venture capital.

2018-6-27 00:05


Фото:

Silicon Valley investment powerhouse Andreessen Horowitz (a16z) has launched a new $300 million fund focused on cryptocurrencies.

Famous crypto trader Brain Kelly along with Cardano co-founder Charles Hoskinsin expressed very bullish views on the bright future of cryptocurrencies. In a further push to bring some fresh optimism in the market surrounding cryptocurrencies, Silicon Valley’s one of the most prominent venture capital firm Andreessen Horowitz has finally announced the launch of its $300 million

2018-6-26 15:09


Венчурная компания Andreessen Horowitz выделила для фонда a16z crypto $300 млн

Венчурная компания Andreessen Horowitz выделила на нужды собственного криптовалютного фонда a16z crypto $300 млн и планирует в ближайшие 2-3 года вкладывать средства как в проекты по запуску новых токенов и криптовалют, так и в крупные блокчейн-сети высшего уровня и держать в них инвестиции не менее 10 лет.

2018-6-26 00:47