Andreessen Horowitz (a16z) has made a significant move in the world of crypto regulation, urging the U.S. Treasury to exclude decentralized stablecoins from the proposed GENIUS Act. This request is particularly important as it addresses the very core of how we classify and regulate digital currency in the future. The firm’s stance stems from a key distinction between traditional stablecoins and their decentralized counterparts: while central control governs traditional stablecoins, decentralized options rely on smart contracts and community governance. a16z argues that because no single entity controls these assets, they should not fall under the GENIUS Act’s scope. This request has far-reaching implications for the crypto industry. If granted, it could pave the way for greater innovation in decentralized finance while also providing clarity on regulatory frameworks.