Brian Quintenz will roar Andreessen Horowitz in its crypto investments.
A16z Crypto Hires Current Consultant
Andreessen Horowitz (a16z) has launched a brand recent advisory partner for its crypto funding group–Brian Quintenz, a dilapidated Commissioner for the Commodity Futures Trading Commission (CFTC).
The CFTC is one amongst the leading monetary regulators within the U.S., and is accountable for regulating non-security commodities and derivatives.
Fixed with a16z, the latest hiring is section of the next effort to make sure the firm has make stronger in disclose for coverage and regulatory issues.
Currently, a16z, which is even handed one amongst the most influential mission companies on this planet, has made a total lot of investments within the cryptocurrency and decentralized finance condominium. In June of this year, it launched a brand recent $2.2 billion crypto fund.
Bringing onboard a dilapidated CFTC commissioner will allow a16z to better navigate the emerging regulatory challenges within the U.S. crypto scene.
All over his CFTC time length from 2017 to 2020, Quintenz oversaw the critical entirely-regulated Bitcoin and Ethereum spinoff contracts within the U.S. He also led CFTC’s Technology Advisory Committee and deliberated on various crypto coverage discussions.
Commenting on Quintenz’s appointment as an advisory partner, the a16z group famend:
“He understands both how crypto know-how works and how the CFTC thinks relating to the difficulty. His ability to translate between the two will possible be central to the success of a16z’s Crypto coverage program and our portfolio companies.”
The hiring comes at a time when U.S. monetary regulators are passionate about regulating the fast-rising cryptocurrency sector.
Appropriate closing week, it turned into as soon as reported that the SEC is investigating the decentralized alternate Uniswap, which is one amongst a16z’s most principal investments. The firm has also invested in Solana, a community that hosts various decentralized derivatives trading protocols.
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