Horowitz-a16z) was asked by the U.S. Department of Justice (DOJ) about the lack of control over Decentralized Finance (DeFi) platforms.
"Holding individuals responsible for systems and activities they cannot control will lead to unjust results," a16z said in a blog post.
"Unfortunately, the Ministry of Justice is ignoring these differences," a16z continued, "Developers initially created tools that were neutral, but now use them to manipulate software that they don't control."
The company said that the first priority for the new administration in cryptocurrency policy is to improve "control."
He emphasized that the concept needs to be correctly and clearly defined legally. This is because cryptocurrency companies cannot operate as "money transmitting businesses."
This is an important factor in determining whether a business is classified as a "money transmitting business," and if so, certain regulations and obligations apply.
16z explained. a16z stated on its website that it has investments in over 100 cryptocurrency companies, including decentralized exchanges (DEXs) such as Uniswap.
It was made clear.
2025/02/05 17:52 KST
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