Top cryptocurrency investors Andreessen Horowitz and Union Square (NYSE:SQ) Ventures urged the US Securities and Exchange Commission (SEC) to consider a cryptocurrency exemption at a private meeting, the Wall Street Journal reports April 19.
The Silicon Valley-based venture capital firms met with top officials of the SEC’s Division of Corporation Finance, which regulates Initial Coin Offerings (ICOs), to argue against stringent cryptocurrency regulations that they claim would impair the development of the young growing industry.