This is the year the world came onchain.
When we launched our first State of Crypto report, the industry was still in its adolescence. The total crypto market was worth about half what it is today. Blockchains were much slower, more expensive, and le
Each year, the State of Crypto report from a16z crypto cuts through the noise and tracks crypto’s evolution across markets, technology, policy, and culture.
Now in its fourth edition, the 2025 State of Crypto report reveals how crypto has gone ma
Regulations are necessary to address important and legitimate policy objectives, from preventing illicit finance to ensuring fair markets and protecting consumers. And understanding the forces at play across the U.S. regulatory landscape can help web3 entrepreneurs build better businesses. In this talk, a16z crypto Head of Regulatory Michele Korver draws on a decades-long career in law and government to outline major regulatory players and provide mental models for web3 founders to stay informed and prepared.