State of crypto 2023: Spotlight on crypto policy - A16Z report

a16z presents a spotlight report arguing that blockchains offer a credible alternative to current internet control and that U.S. policymakers need clear, practical crypto rules to foster innovation and maintain global leadership. The report, building on its annual State of Crypto Report, says the internet is failing consumers, creators, developers and small businesses because a handful of large platforms control decisions and data, change rules suddenly, and extract high fees. It notes that one in five U.S. adults have purchased crypto, yet critical regulatory guidance has been lacking, and it offers guiding principles for protecting consumers, providing a path to compliance and ensuring innovation.