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 <p class="is-style-lead">On Nov. 16, a16z shared the release of its annual State of Crypto Report, which considers the impact of blockchains for policymakers considering the future of emerging technology in the United States.</p>
 <p>In the <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>, the venture capital firm emphasizes that good regulation should protect consumers and provide compliance pathways, while showcasing continuous growth for the digital asset class.</p>
 <h2 class="wp-block-heading" id="regulation-remains-front-and-center">Regulation remains front and center</h2>
 <p>Highlighting the value of these <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies,&nbsp;the <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>&nbsp;calls out Blockchain analytics firms estimate that it is less than 2% of total <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> activity that is being tied to illicit transactions, and in 2022, it only accounted for between 0.10-0.24% of all <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> activity.</p>
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 <p>The <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a> further shares that regulation has been of ongoing concern to the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> community, with notable developments, including <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> legislation being passed out of the House committees for the first time in history and courts making landmark rulings, such as in the case of Ripple.</p>
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> VC firm a16z crypto spearheads $4.2m seed funding for web3 company Pimlico
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 <p>The venture capitalist firm points out that only good regulation that can crack down on bad actors in the industry and protect consumers.</p>
 <h2 class="wp-block-heading" id="guiding-principles">Guiding principles</h2>
 <p>To help guide the regulatory landscape, a16z releases its own guiding principles, which includes businesses being the focus of regulation, not broad autonomous software, legal businesses and their customers getting access to lawful protections from banking relationships to data privacy and avoiding the banning of new business models or technologies which drives jobs and development elsewhere.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> A16z-backed privacy company announces $300 million funding program
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/annual-a16z-report-spotlights-crypto-policy-tbt70714.html">https://thebittimes.com/annual-a16z-report-spotlights-crypto-policy-tbt70714.html</a></p>

Annual a16z report spotlights crypto policy

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