The A16z crypto division has called on US Treasury officials to clarify key definitions in new stablecoin regulation, arguing that decentralized digital assets should be exempt from regulation to foster innovation. In a Nov. 4 letter to Treasury Secretary Scott Bessent, the firm responded to a notice of proposed rules regarding the GENIUS stablecoin bill passed earlier this year.
In its letter, the crypto arm of A16z hailed the GENIUS bill as a "significant step in advancing the future of digital finance", while calling for clarity on whether decentralized stablecoins are beyond the scope of the bill. The company cited LUSD, which is backed by Ethereum collateral, as an example, arguing that decentralized stablecoins are issued through autonomous smart contracts and are not controlled by a central entity.
The letter states: Treasury should make it clear that since decentralized stablecoins are not issued by "individuals" within the meaning of the Act, they are not subject to the prohibition of Section 3 (a). According to the letter, Section 3 (a) limits the issuance of payment stablecoins in the United States to only permissible issuers.
A16z calls on US Treasury to exempt decentralized stablecoins from regulation
2025-11-12 08:16:06
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