a16z Calls for New Crypto Custody Guidelines for Investment Advisors

A new proposal from Andreessen Horowitz (a16z) calls for a major overhaul of the current regulatory framework for investment advisors managing digital assets. The firm’s letter to the U.S. Securities and Exchange Commission (SEC) argues that the lack of clarity surrounding crypto custody rules creates uncertainty and hinders innovation. a16z outlines its proposals for modernization in the world of crypto, focusing on strengthening client security and fostering responsible growth within this burgeoning market.