Strike as crypto iron heats up under Trump, says Andreessen Horowitz

Andreessen Horowitz's (a16z) crypto arm sees former President Donald Trump's re-election as a catalyst for a new era in crypto regulation, urging projects to embrace decentralized solutions and build confidence in the US.

The venture capitalist, who has invested heavily in crypto and web3 startups, sees Trump's pro-crypto stance as the way forward. Blog post on Monday.

The firm's crypto legal and policy experts – Miles Jennings, Michelle Korver and Brian Quintens – outline how the new political climate paves the way for regulatory transparency.

With the election now decided, he wrote, “we believe this is a wonderful opportunity to build on the bipartisan progress from the last Congress.”

The main message of the experts for crypto founders is to take advantage of the new administration's transparency towards digital assets. The experts reminded the builders to remain compliant and avoid centralized dependencies.

Triple Notes is now the time for projects that have avoided using tokens due to regulatory concerns. With Trump's pro-crypto approach, founders should feel confident using tokens as “legitimate and legitimate tools,” experts said.

“Today's all-time high with Trump's election victory shows that we are in the transition to the next phase of growth,” said OKX Chief Legal Officer Mauricio Begelmans. Decrypt.

Much of the optimism came from Trump. Campaign expectations to ease restrictions on crypto and replace the chairman of the Securities and Exchange Commission. Gary GenslerTheir strict enforcement approach has been a thorn in crypto's side.

“We hope that forward-looking regulation that protects the industry and consumers and fosters crypto innovation in America will be a bipartisan topic in the future,” Beugelmans added.

Trump's re-election has sparked excitement in the markets along with Bitcoin catch up A new all-time high is over $80,000.

“Republicans winning the House could give an additional boost to the risk rally, but we will see some gains in the coming weeks or months as the right policies are tested,” said Aurelie Barterre, principal research analyst at Nansen. Decrypt.

Edited by Sebastian Sinclair.