a16z: Bullish on the Future of the US Crypto Industry, to Release DUNA Guidelines to Assist Startups in Establishing Presence in the US

The U.S. presidential election is also coming to a close in the near future, and cryptocurrency startups have been reaching out to a16z to inquire about the impact of policy changes on the crypto industry. Recently, a16z stated that consensus between the two major U.S. political parties regarding cryptocurrency is gradually increasing, and a16z is optimistic about the future development of the industry.

a16z Optimistic about Industry Development, Gradual Realization of Cryptocurrency Innovation

a16z stated that in the coming months, there will be increasing voices regarding regulatory issues in the cryptocurrency industry, but the specific direction of policies cannot be determined at present. However, a16z emphasized that overall, the U.S. government may encourage continuous development of cryptocurrency startups and related individuals, and create a favorable regulatory environment to support them.

a16z mentioned that if cryptocurrency regulations are gradually put in place, cryptocurrency technology will be able to bring more consumer-friendly services. a16z is quite optimistic about the future of cryptocurrency applications, including digital identity sovereignty, new business models for creators, low-cost cross-border stablecoin payment transactions, tools for small businesses to interact with customers, decentralized social networks (SocialFi), the development of energy grids and other infrastructure, as well as the widespread application of blockchain in AI and gaming fields. With the regulatory framework becoming clearer in the future, more innovative applications may be realized.

Lowering the Threshold for Government-Industry Dialogue, Encouraging Entrepreneurs to Engage in Token Applications

a16z believes that the current regulatory progress will help promote communication between the cryptocurrency industry and regulatory agencies, encouraging entrepreneurs from various fields to engage in innovative applications involving tokens, and emphasizing the importance of innovating within a decentralized framework while complying with regulations.

a16z also cautioned that cryptocurrency projects need to avoid excessive reliance on trust mechanisms to reduce regulatory risks, as "regulatory principles" remain unchanged.

Call for Industry Compliance in Token Issuance, Introducing New DUNA Guidelines to Aid Development

a16z mentioned that although regulations will be relaxed, regulatory authorities will still pay special attention to high-risk commercial activities such as ICOs. a16z advised the industry to continue planning token issuance based on the principles of the "Token Launch Playbook" to avoid being on the edge of illegality.

Addressing the concerns of many cryptocurrency companies that have delayed token issuance due to regulatory issues, a16z also revealed that they will release guidelines for decentralized non-corporate non-profit organizations called DUNA to assist cryptocurrency projects in the U.S., reduce legal risks for token holders, and address tax and regulatory requirements to stimulate the market.

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