a16z submits regulatory framework proposal for crypto trading platforms to SEC

Andreessen Horowitz (a16z) submitted a response to the SEC on Sept. 14 regarding the agency's proposed regulatory framework for crypto trading platforms (CTP). The firm recommends modeling CTP oversight after Alternative Trading Systems (ATS), allowing platforms to trade both securities and non-securities to prevent market fragmentation, and maintaining confidential filings for platforms below specific volume thresholds to foster innovation.