Andreessen Horowitz Plans to Meet With Washington Policymakers Over Web 3 : Report
www.coindesk.com 13 October 2021 11:30, UTC
Reading time: ~2 m
Venture capital firm Andreessen Horowitz (a16z) is planning to meet with leaders in Washington over regulation of the next generation of the internet, commonly known as Web 3.
Several executives from the VC firm, which has a significant crypto fund in its portfolio, will tell policymakers at Capitol Hill and the White House why they should regulate Web 3, CNBC reported on Wednesday.
A16z defines Web 3 as “a group of technologies that encompasses blockchain, cryptographic protocols, digital assets, decentralized finance and social platforms.”
The firm’s executives will encourage policymakers to create a national strategy for these technologies, developing appropriate regulations for the full range of products and services beyond just those that would be regulated by the Securities and Exchange Commission.
A16z recently outlined what it sees as the key issues in decentralized finance (DeFi), suggesting the areas in which the U.S government could govern crypto and blockchain.
Tomicah Tillemann, a16z’s global head of policy told CNBC how blockchain technology can decentralize technology, the importance of which is highlighted by current issues with consolidation of data and security breaches.
“Web 3 is the alternative, it is the solution we’ve been waiting for. It is the response to the challenges that have emerged out of Web 2,” he said, referring to the current internet paradigm of user-generated content hosted by social media networks. “And for that reason, it is absolutely critical that policymakers start to undertake the steps required to get this right.”
A16z did not immediately respond to CoinDesk’s request for comment.
Read more: Web 3 Is Where the Young People Are
Back to the list
Andreessen Horowitz's Tillemann Set For A Trip to Washington And...
bitcoinworld.co.in 14 October 2021 03:12, UTC
Venture Capital Giant Andreessen Horowitz Plans Trip to Washington To Discuss Crypto Regulation With White House
dailyhodl.com 13 October 2021 19:01, UTC
Wall Street Giant a16z Set to Lobby for Better Crypto Regulations
coingape.com 13 October 2021 15:32, UTC
a16z to Lobby Policymakers On Crypto, Web3 Regulation - Crypto Briefing
cryptobriefing.com 13 October 2021 12:03, UTC
Andreessen Horowitz to Embark on Cryptocurrency and Web3 Regulation Push in Washington
coinfomania.com 13 October 2021 11:01, UTC
VC firm a16z pursuing crypto lobbying push in Washington
cointelegraph.com 13 October 2021 09:47, UTC