A16z Crypto Advocates For Clear Regulatory Framework In 2024

According to Foresight News, a16z Crypto's policy head Brian Quintenz, regulatory lead Michele Korver, and general counsel Miles Jennings have jointly expressed their intention to advocate for a clear regulatory framework next year to foster and support innovation and decentralization. They emphasized that this presents both an opportunity and a responsibility for developers, who can actively shape the future by creating projects that demonstrate how decentralized protocols can mitigate risks and justify new regulatory approaches. The trio highlighted that regardless of whether new legislation or a restructured regulatory environment progresses, scrutiny from regulators and policymakers on certain aspects of the industry will remain effective. This is particularly true for token issuances, where their "Token Issuance Guidelines" based on principles continue to be applicable. They stressed the importance of developers taking an active role in shaping the future of the industry by showcasing the potential of decentralized protocols to address risks and validate new regulatory methods.