Recently, co-founders Ben Horowitz and Marc Andreessen of venture capital firm a16z discussed the regulatory policies of the U.S. government toward the cryptocurrency industry, particularly those of the Biden-Harris administration, in their podcast. They openly stated that the current regulatory environment may be stifling the innovation and growth potential of the cryptocurrency industry. In their conversation, they heavily criticized the ambiguity of the classification standards for cryptocurrencies set by the Securities and Exchange Commission (SEC), which brings significant uncertainty to the industry. Specifically, the SEC has yet to clearly distinguish between which cryptocurrencies are classified as securities and which are considered commodities, leading to regulatory chaos that affects market stability and investor confidence. Additionally, they mentioned other regulatory challenges such as the lack of a unified legal framework and the possibility of over-regulation, all of which could pose threats to the healthy development of the cryptocurrency industry.