Executives at venture capital firm Andreessen Horowitz will visit Washington DC to discuss cryptocurrency regulation and improved regulatory standards for Web 3.0 with US authorities.
Andreessen Horowitz (a16z) executives told CNBC that one of the company’s top priorities is regulating the Web 3.0 ecosystem. This third generation of the internet is a group of technologies that spans digital assets, decentralized finance, blockchains, tokens, and DAOs.
Anthony Albanese, COO of the a16z cryptocurrency division and general partner of the firm, Katie Haun, are part of a delegation that will liaise with US authorities on cryptocurrency and Web 3.0 regulation.
Andreessen Horowitz global policy director Tomicah Tillemann believes Web 3.0 offers a powerful alternative to the modern Internet. In a document released on Wednesday, a16z advocates for improved regulatory standards.
“It is important to focus on the regulation of activities and the associated risks. Treating all digital assets equally is like treating stocks, real estate, cars, art, watches, and cards in the same way. We need a policy corresponding to the set goal, ”the document says.