Blockchains for TradFi: What banks, asset managers, and fintechs should know. ⤵️

"Digital assets” at a Bank, Asset Manager, or Fintech used to be code for “nice side project.” But with regulatory clarity and competitive pressure mounting, it's now front office, full stack, and full speed. That's why @meigga , @guywuolletjr and I wrote a guide for execs and operators... why and how to move from 0 to 1 --> link below @a16zcrypto @a16z

Over the past year, I’ve been in countless conversations with banks, asset managers, and fintechs who are exploring crypto use cases again - this time with more urgency. With improving regulatory clarity, and increasing competitive pressure, leaders are moving from “should we?” to “how do we?” That’s why @lordvolth, @guywuolletjr and I wrote a practical playbook for understanding the most compelling business cases for a blockchain-enabled strategy, as well as assembling the technical building blocks you’ll need to actually make it happen. If your team is thinking about entering - or re-entering - the space, this will help you do it right (link below): @a16zcrypto @a16z

The White House released its report on digital assets. It’s excellent and marks a huge step forward for crypto in America. The report confirms our government’s support for delivering regulatory clarity and clearing a path for crypto innovation in this country. We’ve come a long way in a short time and I’m excited about what’s next—most importantly, the Senate building on the CLARITY market structure legislation that recently passed the House with broad bipartisan support.

Clear rules for stablecoins and the road ahead At the White House today, the first piece of U.S. crypto legislation will be signed into law: the GENIUS Act. It provides clear rules for stablecoins. This is a historic moment — not just for crypto, but for the world at large. That’s because stablecoins give us something we’ve never really had before: open money infrastructure. Stablecoins are a better form of money: faster, cheaper, and more global. They cut fees and eliminate intermediaries. They are auditable and programmable. They allow developers to build new kinds of apps that weren’t possible before: low-to-no cost remittances, programmatic micropayments, AI-native transactions, transparent and disintermediated global commerce, and more. Stablecoins give the world access to the dollar, they spread financial freedom, and they ensure that the next generation of financial infrastructure is built on U.S. standards. For too long, innovators in crypto have operated under legal uncertainty. That uncertainty has stifled progress, driven builders offshore, and created a fragmented internet. The GENIUS Act reverses this: it creates clarity for stablecoins and sets us on a path toward broader crypto market structure reforms. This is how the internet moves forward: through clear rule-making. With the GENIUS Act, stablecoins have clear rules, paving the way for better payments, financial products, and an overhaul of the global financial system. Next, we need the same for the rest of the crypto market. The Senate can do this by passing the CLARITY Act, which provides clear rules of the road for the broader crypto industry, opening a path for innovators while also protecting consumers from scams and bad actors. We believe that the U.S. can lead the next era of the internet — the read-write-own era — by enabling open, user-owned protocols instead of the closed, corporate platforms that defined the last one. This legislation lays the foundation for that future. It's the beginning of a new chapter.

The House just made history by passing major legislation on stablecoins (GENIUS Act) and market structure (CLARITY Act) in an overwhelmingly bipartisan way. This is a huge moment for crypto and for all Americans. We’re very close to having comprehensive, proactive rules in place for the first time. Next up: the GENIUS Act goes to the President’s desk for his signature. After that, the Senate should pass the CLARITY Act. We believe passing these laws is the best way to ensure that America remains the world leader in the next era of the internet. Thank you to all the cosponsors of these bills and the incredible supporters on both sides of the aisle in Congress.

Some great stablecoin resources from @dynamic_xyz

Earlier today, our X account was briefly compromised. During that time, the account promoted a token and other fake content — none of which originated from a16z. Apologies for any confusion caused by the clowns who temporarily took over our account.

a16z account is compromised. Please do not engage. X has been notified.

Today the Senate took the historic step by passing the GENIUS Act with broad bipartisan support. This stablecoin bill protects consumers and gives entrepreneurs the guardrails they need to drive innovation and economic growth in crypto and beyond. Now we need comprehensive market structure legislation so the US can lead in building blockchain networks.