a16z: If the U.S. SEC provides guidance on token issuance, it can prevent the ownership of blockchain technology developed in the United States from being transferred overseas

a16z stated at the cryptocurrency working group meeting of Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission: If the U.S. Securities and Exchange Commission could provide guidance on token issuance, it would stop the trend of issuing tokens only to non-U.S. citizens, which is essentially transferring ownership of blockchain technology developed in the United States overseas.