Whereas everyone seems to be in search of a sign that institutional cash is about to flood into bitcoin and revive the market, we simply acquired one other conformation that crypto has certainly entered the large leagues. Firms within the business are actually placing former regulators on their payroll, as is widespread for Wall Avenue mega banks, authorities-supported telecom monopolies, competitors-stifling tech giants and the like.
Additionally Learn: Bitcoin in Transient: New Patents, Analysis Facilities and a $300M Fund
One other Regulator Will get a Huge Paycheck
Alongside the announcement of its new $300 million a16z crypto fund, Andreessen Horowitz additionally revealed it had employed Katie Haun as its latest basic companion. Whereas most tech publications hailed the transfer within the identify of range and inclusivity, resulting from her gender, few took notice that she is one more in a string of presidency legal professionals and regulators who joined the ranks of…