The coded currency arm of the Investment capital giant Andrink Horwitz (A16Z) closes its office in the UK, where the focus has turned into the United States.
Anthony Albaniz, CEO of Operations at A16z Crypto, He says The company has chosen to direct its capacity towards the United States “due to the strong political momentum enjoyed by the new administration.”
“This does not change our confidence in the growing role of the United Kingdom in the field of cryptocurrencies and blockchain. We will continue to invest in great entrepreneurs regardless of their location in the world, including the United Kingdom. We are also ready to help the United Kingdom in its ongoing efforts in the field of encrypted currencies .
Earlier this week, President Donald Trump signed an executive order to assess the construction of a strategic national stock of Bitcoin (BTC) and encrypted currencies.
The matter, titled “strengthening US leadership in digital financial technology”, requires all federal agencies to stop any procedures related to the development of a digital -backed digital version of the dollar. It also calls for an analysis of the methods through which the United States can “enhance the development and growth of legitimate and legitimate currencies related to the dollar that have been created in the private sector.”
The new leadership of the US Securities and Stock Exchange (SEC) also canceled the employee accounting bulletin No. 121, a controversial base that forced banks to determine the encrypted assets held on behalf of their customers as obligations on their public budgets.
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Responsibility: The opinions mentioned in The Daily Hodl are not an investment advice. Investors should do due care before doing any high -risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transformations and trading are at your own responsibility, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and The Daily Hodl is not an investment consultant. Please note that The Daily Hodl is involved in commission marketing.
Genealized image: mid -trip