a16z Calls for Amendment to Crypto Legislation Draft, Opposing the Use of the Existing 'Derivatives Asset' Definition as Regulatory Foundation
By: theblockbeats.news|2025/08/01 20:02:21
0
Share
BlockBeats News, August 1st, according to a report by Cointelegraph, venture capital firm Andreessen Horowitz (a16z) has urged US lawmakers to amend a draft cryptocurrency regulation bill, warning that the framework may have significant loopholes that could jeopardize investor protection mechanisms.
In an open letter to the US Senate Banking Committee, a16z suggested that regulators address the gaps in the cryptocurrency legislation draft. This letter is a formal response to a discussion draft released at the end of July. The discussion draft was based on the "21st Century Financial Innovation and Technology Act" (CLARITY Act) and aimed to solicit industry feedback to advance cryptocurrency regulatory legislation.
a16z specifically pointed out issues with the draft's definition of "covered assets," a term referring to tokens sold through investment contracts that do not give buyers equity, dividends, or governance rights. The letter stated: "The 'covered assets' construct should not be the basis for legislation without significant modification."
You may also like
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market
Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.
Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal
Overview of Important Market Events on June 23
Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people
The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...
How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy
DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.
The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case
As a mining note product aimed at investors, it inherently carries significant risks. This leaves considerable room for further explanation regarding BMN's actual scale, use of funds, sources of income, and governance disclosures.
Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...
Overview of Important Market Events on June 22
Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin
Strategy CEO responds for the first time to the controversy over the sale of 32 bitcoins: testing internal processes and breaking the "death spiral" rhetoric, maintaining long-term holding faith, and revealing how the 60 trillion AI intelligence will reshape the bitcoin trading landscape.
TRON revitalizes the image of the bull, creating a more approachable brand character
From Logo to BoNiu, TRON further enhances its brand visual assets.
Will the STRC issuance price discussed with ChatGPT really fall into a death spiral?
Whether this mechanism is a "stabilizer" or an "accelerator" lies in the upcoming prices and interest rates.
The foundation retreats, Ethlabs steps forward: Ethereum welcomes its largest restructuring in history
The Ethereum Foundation is repositioning itself as a lighter protocol governance and maintainer, rather than a primary core builder.
NYSE Parent ICE and OKX Launch Joint Venture: What It Means for Tokenized Stocks
ICE and OKX have announced a joint venture focused on tokenized stocks, but stock futures are already live across crypto markets. Here's what the partnership means, how stock futures work, and why traders are paying attention.
How to Trade Apple and Nvidia on a Crypto Exchange in 2026 (Without Buying Shares)
What are Apple and Nvidia stock futures, and why are crypto traders paying attention? Learn how to trade stock futures with USDT, how they differ from buying stocks, and why platforms like WEEX are expanding beyond Bitcoin in 2026.
Morning Report | Secret Network loses $4.67 million due to cross-chain vulnerability; Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings data next week
Overview of Important Market Events on June 21
Kalshi's biggest competitor is not Polymarket
The competitive logic of the prediction market has changed.
The second half of the computing power battle: Intel CEO Pat Gelsinger reveals how AI is reshaping the global semiconductor supply chain
Intel CEO Pat Gelsinger's latest discussion: The AI computing power battle has gone beyond the single-point competition of GPUs; the ultimate trump card is to comprehensively restructure the semiconductor supply chain and solve the systemic bottlenecks in advanced manufacturing.
B.AI partners with MiniMax to launch a limited-time free experience of M3, enabling zero-threshold implementation of Agentic productivity through full-stack infrastructure
B.AI and MiniMax launch a limited-time free offer for M3, allowing access to top-tier large model core computing power with no threshold.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market
Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.
Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal
Overview of Important Market Events on June 23
Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people
The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...
How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy
DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.
Popular coins
Latest Crypto News
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
