BlockBeats news, on November 11, a16z Crypto policy director Brian Quintenz, regulatory director Michele Korver and general counsel Miles Jennings jointly wrote and published a new article aimed at conveying a message to encryption project founders: “When it comes to regulation , It can finally be relaxed.” The article raised optimistic expectations for the new government to relax regulation and governance of the encryption industry, although it stated that the “vast majority” of speculation about the details of such a system is currently just “noise.”
The three executives said in the article that there is now a path for constructive engagement with regulators and legislators that can bring regulatory clarity. Project parties should now be able to explore all the breakthrough products and services supported by blockchain, including tokens. For many, projects have been put off using tokens to distribute project control and build communities out of fear of over-regulation. Now there should be more confidence in projects using tokens as legal and compliant tools.
