“Virtually every major industry in the United States has federal rules and regulations. We do not have that in the crypto industry.” @Collin_McCune on how regulatory uncertainty pushes technical talent away from crypto: "Are they gonna build in the blockchain space, or are they gonna go and build an AI startup?” “If there’s a 40 or 50% chance that I might get a knock on the door from the SEC, that’s not a very compelling route." @milkroaddaily(a16z crypto)