a16z Optimistic about the Future of the US Cryptocurrency Industry Announces DUNA Guidelines to Aid Startups in Establishing Presence in America
The US presidential election has recently come to an end, and crypto entrepreneurs have been reaching out to a16z to inquire about the impact of policy changes on the crypto industry. a16z recently stated that consensus on cryptocurrencies between the two major US political parties is gradually increasing, and they are optimistic about the future development of the industry.
a16z is optimistic about industry development, and crypto innovation is gradually being realized
a16z stated that in the coming months, there will be voices in the market regarding regulations on the crypto industry, but the specific direction of the policies cannot be determined at the moment. However, a16z emphasized that overall, the US government may encourage continuous development of crypto entrepreneurs and related individuals, and create a favorable regulatory environment to support them.
a16z stated that if crypto regulations are gradually put in place, it will bring about more consumer-friendly services. a16z is quite optimistic and bullish on future crypto applications, including digital identity autonomy, new business models for creators, low-cost cross-border stablecoin payment transactions, tools for small businesses to interact with customers, decentralized social networks (SocialFi), development of energy grids and other infrastructure, and the widespread application of blockchain in AI and gaming. With the gradual clarity of regulatory frameworks in the future, more innovative applications may be realized.
Lowering the threshold for government-industry dialogue, encouraging entrepreneurs to invest in token applications
a16z believes that the current regulatory progress helps to facilitate communication between the crypto industry and regulatory agencies, which will encourage entrepreneurs from different fields to invest in innovative applications, including tokens, and emphasizes the need to innovate within a decentralized framework while complying with regulations.
a16z also reminds that crypto projects need to avoid excessive reliance on trust mechanisms to reduce regulatory risks, as “regulatory principles” remain unchanged.
Calling for industry compliance in token issuance, new DUNA guidelines to be issued to assist development
a16z stated that although regulations will be relaxed, regulatory authorities will still pay special attention to high-risk commercial activities such as ICOs. a16z recommends that the industry continue to plan token launches based on the principles outlined in the “Token Launch Playbook” to avoid being on the edge of illegality.
a16z also revealed that they will publish guidelines for Decentralized Unincorporated Nonprofit Associations (DUNA) to assist crypto projects in their development in the United States, reduce legal risks for token holders, and address tax and regulatory requirements, thereby stimulating the market.
(A16z Annual Crypto Report: Three Major Crypto Regulatory Changes in the US This Year)
