[A16z Calls on U.S. Treasury to Exempt Decentralized Stablecoins from Regulation] BlockBeats News, November 12: A16z's crypto division has urged U.S. Treasury officials to clarify key definitions in the new stablecoin regulations, advocating for decentralized digital assets to be exempt from regulation to foster innovation. In a letter addressed to Treasury Secretary Scott Bessent on November 4, the company responded to the proposed rule notice regarding the GENIUS Stablecoin Act passed earlier this year. In the letter, A16z's crypto division praised the GENIUS Act as a 'significant step toward advancing the future of digital finance,' while calling for clarification on whether decentralized stablecoins fall outside the scope of the Act. Using Ethereum-collateralized LUSD as an example, the company argued that decentralized stablecoins are issued through autonomous smart contracts and are not controlled by any central entity. The letter stated: 'The Treasury should explicitly clarify that decentralized stablecoins are not subject to the restrictions of Section 3(a), as they are not issued by a "person" as defined under the Act.' According to the letter, Section 3(a) limits the issuance of payment stablecoins in the U.S. to authorized issuers only.