a16z founder says crypto resilience is changing views in U.S. Congress

Andreessen Horowitz founder Marc Andreessen said on the "a16z Crypto Show" that views in the U.S. Congress are shifting as the crypto industry has survived an intense U.S. government regulatory crackdown. Andreessen said some lawmakers see crypto as a meaningful industry after efforts to eliminate it failed. He also stressed the need for a clear, permanent U.S. regulatory framework for crypto, adding that a regulatory vacuum could mainly benefit offshore operators such as FTX and lead to user harm. To help U.S. companies operate responsibly, Andreessen said an institutional foundation such as the CLARITY bill is needed.