Andreessen Horowitz’s Tillemann, The Silicon Valley-based venture capitalist is getting ready to meet with White House officials. Meanwhile, this is to discuss cryptocurrency regulations in much details.
Additionally, Investment firm Andreessen Horowitz is also “a16z”. More so, The firm is sending representatives to Washington to advocate its vision. Which of course is on how Unites States should regulate digital assets.
Furthermore, Tomicah Tillemann is the Global head of policy for a16z. Tomicah says the decentralized nature of cryptos can be logical for creating new governmental agencies. More so, this is majorly for regulating beyond the scope of the U.S. Securities and Exchange Commission (SEC).
Tillemann explains
“In the short-term, there are agencies like the Consumer Financial Protection Bureau…”
“that are well suited to addressing some of the fraud and consumer protection concerns…”
“that have been voiced by policymakers in the space…” Tillemann continues,
“In the longer term, there probably is a very good case for creating…”
“regulatory architecture that is fit for purpose in the 21st century.” Tillemann adds.
Lastly, Tillemann says the US is lagging behind on regulating its digital infrastructure. Which of course, he describes as a concern and hopes the firm can get Lawmaker’s attention.
“There are likely few areas that will be more consequential in determining the…”
“long-term success of a country in the 21st century than the quality of its digital…” Tillemann continues,
“infrastructure. And in the United States right now, we’re not only losing this race,..”
“but it’s unclear that many of our policymakers even recognize that there’s a competition underway.”
Photo credit – Fortune
