You may not be a fan of a16z (Andreessen Horowitz). You may not be a fan of crypto. But pushing fintech innovation outside of the United States is not a good idea. The movements by regulators against crypto have much more to do with protecting power and marketing than they do about protecting consumers. See my post from Dec 2022 on Polarizing Technology.
Andreessen Horowitz, an American venture-capital firm, will open its first international office in London. The branch will focus on investments in crypto and blockchain startups. The firm believes that Britain’s government is more hospitable towards cryptocurrency. Regulators in America have clamped down on big crypto companies recently. — Economist Espresso, June 12, 2023
Also, inside the crypto community it is disheartening to see some in the Bitcoin community in effect supporting these moves. Bitcoin isn’t somehow immune on this, it is just the biggest and most widely-held of crypto. Regulators will try to undermine smaller ecosystems first.