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Chris Dixon, Andreessen Horowitz’s a16z Crypto founder, called for clearer cryptocurrency regulations at the Permissionless III event. Dixon stated the two main issues for crypto are infrastructure and policy clarity. He disagreed with the perception that significant investors ignore application-layer startups, noting that half of their recent investments have been in that sector. Dixon advocated for clear rules that benefit honest parties and tackle fraud, highlighting the potential for a digital asset boom with the right regulatory environment.
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Chris Dixon, the guy who started Andreessen Horowitz’s a16z Crypto, recently chatted about stablecoin regulation and the need for clearer rules from the U.S. government. He spoke at the Permissionless III event in Salt Lake City, Utah.
Dixon was upbeat from the get-go, noting that the crypto market in general has been getting over many of the previous tech hurdles. He said that right now, the two main issues are infrastructure and policy clarity.
Dixon’s job puts him in both the traditional finance and digital assets worlds, so he’s got a unique perspective. Even though some experts say that big-time investors ignore application-layer startups, Dixon doesn’t agree. He said that at least half of their investments recently have been in that area. However, the problem is they can’t build what they want to build because they’re afraid they’ll end up in court for years.
Dixon believes there’s a huge potential for a digital assets boom, with tons of new entrepreneurs, apps, and development ushering in fresh ideas. According to him, the infrastructure is there but a lack of clear rules is slowing the whole sector down.
He thinks that one of the main issues with the current rules is that they’ve been targeting the good guys while ignoring scams and other bad behaviors. Instead of chasing high-profile cases, Dixon believes in clear rules that benefit honest participants while dealing with scammers. He warned of potential harmful consequences for the industry if this isn’t sorted out.
Source: Cointelegraph