PANews reported on November 11 that according to The Block, with Trump's victory and the continued rise of the crypto market, venture capital firm a16z Crypto pointed out in a new post for crypto founders: "The good news is that there is now a way to constructively engage with regulators and legislation that can bring regulatory clarity, and you should all feel empowered to explore all breakthrough products and services supported by blockchain, including tokens." The article expressed optimistic expectations for the relaxation of regulation and governance of the cryptocurrency industry under the new government, but the "vast majority" of speculation about the details of this system is currently just "noise."
The post specifically notes that token issuance is an activity founders can feel more confident in: “For many of you who have been put off using tokens to distribute project control and build community due to concerns about overregulation, you should now feel more confident that your project can use tokens as a legal, compliant tool.” While the post is generally optimistic, the author also notes that some actions may still fall foul of regulators, “While we may have greater flexibility to experiment, we must not forget that the fundamental regulatory principles that apply to blockchain systems remain the same,” and advises founders to “continue to focus on eliminating centralized aspects or reliance on trust in your projects, as these areas will continue to receive regulatory scrutiny.”
The article also mentioned a16z’s plans for next year: “Next year, we will advocate for a clear regulatory framework to promote and support innovation and decentralization… We will also soon release new guidance on the use of decentralized non-profit non-profit associations (DUNA), which aim to make the United States their headquarters, free token holders from liability, manage tax and compliance requirements, and promote more economic activities.”
