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The Asia-Pacific region has key potential to lead in Web3 and artificial intelligence innovation.
Opinion by: J.D. Seraphine, founder and CEO of Raiinmaker
APAC has captured global attention as a region and is establishing itself as a trailblazer in crypto and Web3 adoption, with India, Vietnam and Indonesia leading the pack. As this momentum builds, a pressing question looms: Is APAC on the brink of shaping the future intersection of Web3 and artificial intelligence, or is the dream just too lofty to realize?
Asia’s technological journey is as complex as it is compelling. The region is home to vibrant digital economies and a dynamic developer base. Fragmented regulatory environments and infrastructure gaps continue to pose formidable challenges. With solid policy foresight, a growing developer base, high market adoption and rapid innovation, APAC’s potential to merge the power of Web3 and AI can redefine the global digital landscape as we know it.
Legal and policy experts from the crypto arm of a16z are confident that “the future of crypto in the US is bright.”
The crypto arm of venture capital firm Andreessen Horowitz (A16z) said that there will be “greater flexibility to experiment” as the regulatory landscape for crypto improves in the United States.
“While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain unchanged,” it stated before adding that this means that “where there is trust, there is regulation” still applies.
A16z Crypto legal and policy experts Miles Jennings, Michele Korver, and Brian Quintenz shared their positive outlook for crypto regulations in a blog post on Nov. 10, days after Donald Trump’s presidential election victory on Nov. 6.
The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.
As Donald Trump prepares to take office as president of the United States in January 2025, the cryptocurrency community is speculating on the most likely candidates to lead the US Securities and Exchange Commission.
Mark Uyeda, an SEC commissioner, is seen as a strong candidate for the role, according to crypto attorney Jake Chervinsky in an X post on Nov. 6.
Commissioner Uyeda is known for criticizing the crypto regulatory approach by current SEC Chair Gary Gensler, having in October called his policies a “disaster for the whole industry.”