According to BlockBeats, on February 10, a16z Crypto General Counsel Miles Jennings commented on the "Kraken and SEC Settlement" case: "Staking is very important to the ecosystem, and staking-as-a-service projects are both legal and allow more people to participate in blockchain technology. We believe that this settlement will not have any impact on trading platforms that have plans that do not involve securities laws. As a major investor in Web3 and a company that is building the next generation of the Internet, a16z is disappointed that Chairman Gensler continues to prove that he only knows how to regulate through sporadic enforcement cases. It has been four years since the U.S. Securities and Exchange Commission (SEC) last issued guidance related to cryptocurrencies, and its chairman continues to focus on making headlines rather than protecting investors in accordance with the SEC's core mission. Now is the time for him to prioritize rules and guidance that will make the market clearer and proactively protect the public."