Andreessen Horowitz January 11, 2023
This is part 2 in a series, “Regulate Web3 Apps, Not Protocols”, which establishes a web3 regulatory framework that preserves the benefits of web3 technology and protects the future of the Internet, while reducing the risks of illicit activity and consumer harm. The central tenet of the framework is that businesses should be the focus of regulation, whereas decentralized, autonomous software should not.
Two extremes frequently clash over web3 regulation. The first faction argues for the wholesale expansion and application of existing regulations to web3. This group ignores critical features of web3 technology and therefore fails to recognize significant differences in the risk profile of web3 products and services as compared to traditional products and services. This failure leads the...
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