Jolt is a DAG; I'll explain later

Here's a quick summary of our feedback on the Senate Banking Committee's draft market structure legislation. In two words: More CLARITY.

1/ Progress on crypto policy continues! The White House just released an excellent report and the SEC launched “Project Crypto”. The next critical step is feedback on the Senate’s market structure legislation. We just submitted our recommendations👇

The White House released its report on digital assets. It’s excellent and marks a huge step forward for crypto in America. The report confirms our government’s support for delivering regulatory clarity and clearing a path for crypto innovation in this country. We’ve come a long way in a short time and I’m excited about what’s next—most importantly, the Senate building on the CLARITY market structure legislation that recently passed the House with broad bipartisan support.

One of the most common questions I get about marketplace business is when should you start taking fees? I work through how to reason about this in a new article for @a16zcrypto; here's a summary in haiku:

Three common mistakes people make when creating an operating plan. from @EMinSF

Alignment. Clarity. Tradeoffs. Dependencies. Who’s doing what? When? What does it cost? How will you measure it? 🤔 Simple questions when running a startup — but not easy to answer. Especially for founders, who face plenty of things they can’t control: markets, regulation, macro noise. What can you control? Execution. 💪 That’s where operating plans come in — they turn your big vision into a concrete, accountable roadmap. 🗺️ In this post, I share: - Four pillars of a good operating plan - Common mistakes to avoid - Practical budgeting tips (yes, including zero-based budgeting) - How to match your plan to your company’s current mode Creating a plan doesn’t have to mean drowning in paperwork or meetings. But you do need one. And you do need a handle on your runway. Happy planning! 😁

What if ads paid you — and weren’t creepy? I joined @a16zcrypto to explain how AI agents + crypto rails could make online advertising private, personal, and user-controlled. The future is opt-in.

Today, I'm excited to share that I've joined @a16zcrypto, where I'll be focusing on engineering, data, and fund strategy. I'm especially grateful to @DarenMatsuoka, @eddylazzarin, and the team at @a16z for your belief and your encouragement. I'm looking forward to learning and building alongside you. I first came across the firm in 2022 at a crypto hackathon. At the time, the idea of participating in Crypto Startup School felt out of reach, let alone becoming part of the team behind it. The journey here has been incredibly humbling and deeply meaningful. With clear policy progress and momentum behind stablecoins, crypto is at an inflection point. The building blocks are falling into place, and the next chapter is ready to be written. It's time to build.

After 100+ convos with fintech and web2 teams, it was clear that more stablecoin clarity was needed. So we launched Stablecoin Accounts. Then we launched our educational Stablecoin Hub. Today we launch our Stablecoin Signals newsletter! (kudos to @mpearl_19) Here's a peek 🧵