Eksekutif a16z menyoroti untuk pengembang: Jangan buru-buru membangun bursa, era regulasi baru sedang dimulai

【Coin World】Two executives from a16z Crypto recently sounded an alarm for crypto developers.

General Partner Arianna Simpson pointed out a phenomenon: apart from stablecoins and infrastructure layers, most well-performing crypto companies nowadays are flocking toward the trading platform route. It sounds good, but the problem is——this kind of homogeneous competition is too intense. The result is that the attention of most enterprises is severely dispersed, and in the end only a few real winners survive.

Simpson’s advice is straightforward: founders rushing to pivot toward trading business may be missing a larger opportunity——building truly defensible, long-lasting businesses. In other words, developers focusing on polishing the product itself, rather than simply stacking trading features, may actually become the ultimate winners. This logic seems counterintuitive, but it’s often correct in sufficiently competitive markets.

On the other hand, Miles Jennings, head of a16z Crypto’s policy team and general counsel, is turning his attention to the regulatory front. He emphasizes that developers must put regulatory compliance on their agenda. More critically, the Trump administration is now closer than ever to passing crypto market structure regulation legislation. If this bill truly comes to fruition, what impact would it have? Incentivize transparency, establish clear standards, create clear pathways for fundraising and token issuance, and lay solid foundations for decentralized application development. In other words, this could be a long-awaited policy-friendly window for the crypto industry.