Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
a16z Crypto founder: The crypto market has overcome many technical obstacles, and the US government still needs to further clarify regulation

a16z Crypto founder: The crypto market has overcome many technical obstacles, and the US government still needs to further clarify regulation

CointimeCointime2024/10/10 02:54
By:Cointime

Chris Dixon, the founder of a16z Crypto, recently discussed his views on stablecoin regulation and the need for further clarification of regulations by the US government.

He mentioned that the cryptocurrency market has overall overcome many previous technical barriers, or what he called "gates." Dixon said, "There are two major constraints in the current market, one is infrastructure, and the other is policy clarity."

Although many analysts claim that large investors do not pay attention to application-layer startups, Dixon disagrees: "In the past few years, at least half of our investments have been in the application layer. However, the problem is that they cannot build what they want to build because they are afraid of being caught up in legal disputes in the next five years."

He stated that with the development of new entrepreneurs, new applications, and digital asset fields, "real revival and unlocking" is possible. Infrastructure already exists, but the lack of regulatory transparency hinders the development of the entire industry. Dixon advocates that instead of chasing sensational cases, it is better to formulate a regulatory policy that prioritizes transparency, provides a path for benign participants, and eliminates "scammers" and other malicious participants. "It is first for consumers, but second for the entire industry. If we do not solve this problem, problems similar to FTX may occur."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!