Empire How to Launch a Token (Legally) Featuring Miles Jennings & Eddy Lazzarin Of a16z Crypto
Aug 12, 2025
Miles Jennings is the Head of Policy and General Counsel at a16z Crypto, focused on regulatory clarity, while Eddy Lazzarin serves as CTO, bridging tech and legal realms. They dive into the complexities of token launches, discussing the importance of compliance and innovative governance structures like DUNAs. The duo explores advancements in crypto legislation, emphasizing transparency and the economic implications of token designs. They also address the evolution of founder priorities, highlighting the need for balance between innovation, legal intricacies, and user experience.
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a16z Focuses On Control‑Based Decentralization
- a16z aims to design systems around control‑based decentralization and clear value accrual.
- Miles Jennings says this will let founders build without convoluted legal workarounds.
Regulatory Climate Has Turned Bullish
- Congress and regulators have shifted from hostility to constructive engagement.
- Miles Jennings highlights laws like the Genius Act and progress on token classification.
SEC Now Embraces On‑Chain Markets
- The SEC launched Project Crypto to help move capital markets on‑chain.
- Miles Jennings sees this as a significant, constructive shift for on‑chain finance.