TechFlow, Nov. 12 — According to The Block, a16z's crypto division recently sent a letter to U.S. Treasury Secretary Scott Bessent urging clarity on the definition of the GENIUS stablecoin bill and advocating that decentralized stablecoins be exempt from regulatory scope. The firm cited LUSD, an Ethereum-collateralized stablecoin, as an example, emphasizing that such stablecoins are issued through autonomous smart contracts without a central controlling entity. a16z also recommended adopting the decentralization framework from the 2025 Digital Asset Market Structure Act and proposed using decentralized digital identity as an innovative solution to combat illicit finance, highlighting technologies like zero-knowledge proofs that enable secure authentication while protecting personal data.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
