UK PM Rishi Sunak Welcomes a16z Crypto First Expansion Amid US Woes
UK Prime Minister Rishi Sunak welcomes the move as the country looks to empower blockchain and Web3 space. The UK Prime Minister and policymakers promise to provide clear regulations and guidelines to foster Web3 development and the digital asset industry . Andreessen Horowitz Opens First International Office in London According to an official announcement, Andreessen Horowitz’s a16z crypto will open its first international office in London later this year. Venture capital fund a16z crypto is the largest investor in crypto and web3 startups and manages $7.6 billion in committed capital. The move comes amid the U.S. Securities and Exchange Commission’s (SEC) continuing crackdown against the crypto industry, suing crypto exchanges Coinbase (COIN) and Binance last week for allegedly violating securities laws. Chris Dixon , founder and managing partner at a16z crypto, asserts the Biden administration is trying to kill crypto and UK has deep pools of talent, world-leadi...