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And from the crypto sector, funding agency a16z stated, “We consider this proposed prohibition to be unlawful, infeasible, and harmful.” The letter signed by a number of executives instructed funding advisers would discover the rule nearly unimaginable to adjust to, as a result of it “largely failed to think about the logistics of how custody works for a lot of crypto property, the economics underpinning crypto asset markets, and even the essential statistics and different information that ought to inform a thought of regulatory method.”
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