On September 16, Chris Dixon, Managing Partner at a16z Crypto, posted on X stating that although he was disappointed with the outcome of today's Senate vote, this does not change the fact that the fundamentals of the crypto industry are stronger than ever. Billions of dollars in capital are moving on-chain, leading payment companies and financial institutions are adopting blockchain technology, and entrepreneurs around the world are continuously developing new financial products to drive capital into the internet era. Our work in Washington, D.C. is far from over. We will continue to advocate for clear regulatory frameworks that protect consumers while providing entrepreneurs with the space to innovate and build.
a16z Crypto Managing Partner: The outcome of the Senate’s procedural vote on the CLARITY Act is disappointing, but the fundamentals of the crypto industry remain strong.
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