Why A16Z's $2.2B Crypto Fund is a Bigger Deal Than Most People Think

Most people think Andreessen Horowitz' huge new $2.2B crypto fund is important because of the eye popping amount raised. But it's not just about more dollars for their crypto portfolio -- it's ALSO about creating a "Regulatory Superteam" who can help lay the foundation for clarity in blockchain regulations within the United States. Yes, A16Z is like the Brooklyn Nets -- but for crypto. At least when Durant, Harden, and Irving are all healthy. Last Thursday, A16Z announced not only the largest crypto fund in venture capital history but also the additions of Dr. Tomicah Tilleman, a former advisor to President Biden and Hillary Clinton, and Bill Hinman, the former Director of the Securities and Exchange Commission’s Division of Corporation Finance. Their task ahead -- work with regulators like Gary Gensler at the SEC to create a clear framework that enables innovation within decentralized crytographically-secured blockchains to thrive as we lead in building a new global financial system based on smart contracts -- while getting rid of the scams that give crypto a bad name. With China giving up its leadership role in crypto the last month -- it's time for the USA to take the lead. And the public-private partnerships forged by thoughtful and long-term focused industry participants like A16Z can be critical in making the USA a leader in this new epoch of computing. ======== Read more in this week's newsletter: https://coinstack.substack.com/ Telegram Group: http://t.me/thecoinstack