TL;DR Breakdown
• The capital firm in the United States offers safe investments.
• Jennings wants Andreessen Horowitz to make a lot of money before the year is out.
Andreessen Horowitz, a venture assets firm in the United States, has employed Miles Jennings, a Latham & Watkins company partner. With this partnership, Jennings becomes the main agent focused on cryptocurrency.
The financial advisor will support the crypto investments of the US firm. Jennings will assist crypto companies in overcoming legal and regulatory issues.
Andreessen Horowitz’s Jennings hire
The corporate partner left the Latham company in August to join the Andreessen Horowitz team. This contract was completed after the capital firm announced its new crypto investment box valued at $2.2 billion.
Jennings had left Latham after working with the law firm for over 10 years. The businessman co-led a work team focused on Blockchain technology and cryptocurrencies in general.
At Andreessen Horowitz, Jennings will work with Kathryn Haun, a former Attorney who is also the principal partner at the equity firm. Haun will also manage the cryptocurrency deposits with Chris Dixon, who also has ownership of the company.
The American firm had an excellent turnout when it invested in Coinbase Global Inc. The crypto platform was valued at $100 billion after it was listed on the Nasdaq stock exchange.
Former prosecutor Kathryn Haun thinks this Coinbase Global windfall with Andreessen Horowitz marks a historic moment for the company and the crypto market. Since Jennings feels interested in cryptocurrencies, it is understandable that the equity firm sought to hire him to form an advisory team.
The venture capital firm has about $18 billion under management. The company’s main partner, Marc Andreessen, reveals that cryptocurrencies can transform the financial market.
Andreessen also highlights a breakthrough in technology, with many companies taking advantage of this. The firm’s partner thinks cryptocurrencies are growing in value and popularity at an impressive rate.
Cryptocurrencies gain momentum in a regulatory landscape
Jennings’ entry into the equity firm is in sync with the US regulators creating a new scheme that affects cryptos. SEC Chairman Gary Gensler announced a month ago that citizens should be protected from the risks of crypto investments.
Gensler seeks to regulate cryptocurrencies across North America, and several senators approve of it. But Republican Senator Cynthia Lummis believes that cryptocurrencies should be regulated but not completely intervened in.
While the crypto landscape is uncertain in the country, Jennings as an advisor at the Andreessen Horowitz company will guarantee clients that their investments will be protected. The advisor agrees with the crypto regulations but believes that the virtual market could be hit hard if the plan is too strict. Regulations against cryptocurrencies are still a topic of discussion in the USA; the SEC has still not decided how to go about their wanted methods of regulation.
