And from the crypto sector, funding agency a16z mentioned, “We imagine this proposed prohibition to be unlawful, infeasible, and harmful.” The letter signed by a number of executives instructed funding advisers would discover the rule nearly unattainable to adjust to, as a result of it “largely failed to think about the logistics of how custody works for a lot of crypto belongings, the economics underpinning crypto asset markets, and even the fundamental statistics and different information that ought to inform a thought-about regulatory strategy.”
