a16z partner: The crypto market has overcome many technical barriers and calls for clear regulation from the U.S. government

ChainCatcher news, a16z partner Chris Dixon emphasized the importance of further clarifying regulations by the U.S. government during a discussion on stablecoin regulation. He pointed out that the cryptocurrency market has overcome many technical barriers but still faces two main challenges: infrastructure and policy clarity. While some analysts believe that large investors are not interested in application-layer startups, Dixon disagreed with this view. He noted that at least half of a16z's investments in the past few years have been concentrated in the application layer. However, these startups often struggle to realize their visions due to concerns about legal disputes in the next five years.

Dixon believes that with new entrepreneurs and new ideas emerging in the digital asset space, a true revival and development of the industry is possible. Although the infrastructure is in place, the lack of regulatory transparency hinders further progress in the industry. He advocates that regulatory policies should prioritize transparency, providing a clear path for legitimate participants while cracking down on fraud and other malicious activities. This is crucial not only for consumers but also for the healthy development of the industry; otherwise, issues similar to FTX may arise again.