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

Chris Dixon, founder of a16z Crypto, a subsidiary of Andreessen Horowitz (a16z), recently discussed his views on stablecoin regulation and the need for further regulatory clarity from the U.S. government. He mentioned that the cryptocurrency market in general has begun to overcome many previous technical barriers, or what he calls "gates." Dixon said that in the current market, "there are two major constraints, one is infrastructure and the other is policy clarity." Although many analysts claim that large investors are not focusing on application layer startups, Dixon disagrees: "At least half of our investments in the past few years have been in the application layer. However, the problem is that they can't build what they want to build because they are worried about being entangled in legal disputes for the next five years." He said that with new entrepreneurs, new applications, and the development of the digital asset field bringing new ideas, "real renaissance and unlocking" is possible. The infrastructure is already there, but the lack of regulatory clarity has hindered the development of the entire industry. Dixon advocated that rather than pursuing high-profile cases, a regulatory policy should be developed that prioritizes transparency and provides a path for good actors while eliminating “scammers” and other bad actors, “first for consumers, but second for the industry as a whole, and if we don’t solve this problem, there could be problems similar to what happened with FTX.” (Cointelegraph)