Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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The SEC is also targeting venture capital in its crypto crackdown.
Remember when we talked about how the SEC has showed up on a horse, guns blazing, to regulate crypto? Here’s a nice report on how they’re also coming for the VC firms that poured money into crypto with a new rule change:
Legal executives at venture firm Andreessen Horowitz wrote that “absent a suitable self-custodial exception, the proposed Rule would effectively ban RIAs from holding and transacting in crypto assets for clients,” while Paradigm wrote that the rule could result in an effective “shadow ban” of crypto.
a16z could be particularly hard-hit by this change.
How the SEC Could Cripple Crypto Venture Capitalists
[The Information]
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