According to ChainCatcher, Chris Dixon, partner of a16z, emphasized the importance of further clarifying regulation by the U.S. government when discussing stablecoin regulation. He pointed out that the cryptocurrency market has overcome many technical obstacles, but still faces two major challenges: infrastructure and policy clarity. Although some analysts believe that large investors do not pay attention to application layer startups, Dixon disagrees with this view. He pointed out that at least half of a16z's investments in the past few years have been focused on the application layer. However, these startups are often unable to realize their vision due to concerns about legal disputes in the next five years.
Dixon believes that with the emergence of new entrepreneurs and new ideas in the digital asset space, a true renaissance and development of the industry is possible. Although the infrastructure is in place, the lack of regulatory clarity has hindered the further development of the industry. He advocates that regulatory policies should prioritize transparency and provide a clear path for legitimate participants while combating fraud and other malicious behavior. This is not only critical for consumers, but also for the healthy development of the industry, otherwise problems like FTX may occur again.
