a16z: DoJ should stop holding DeFi protocols accountable for user wrongdoing

Andreessen Horowitz (a16z), one of the largest venture capital firms in Silicon Valley, stated on its blog that the U.S. Department of Justice (DoJ) should stop holding DeFi protocols accountable for user wrongdoing. According to Cointelegraph, a16z stated that these protocols have no authority or control over user behavior, so holding them accountable for this leads to perverse outcomes. The VC firm added that the Trump administration's top priority in cryptocurrency policy should be “codifying the proper and legally correct understanding of ‘control’ in law.”