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New York Stock Exchange's Top Regulator Turns to Crypto

Wed, 10/28/2020 - 13:05
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Alex Dovbnya
Andreessen Horowitz hires the New York Stock Exchange's top regulator for its crypto division
New York Stock Exchange's Top Regulator Turns to Crypto
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Venture capital firm Andreessen Horowitz has snagged Anthony Albanese, the head of the New York Stock Exchange's regulatory unit, as chief regulatory officer for its thriving cryptocurrency division, The Wall Street Journal reports.

Starting from November, Albanese will help a16z to build a plan for navigating through the patchy U.S. regulations of the crypto market.

The new hire certainly knows a thing or two about crafting rules for the cryptocurrency sector, given that he was at the helm of the New York State Department of Financial Services (NYSDFS) when it first introduced the highly coveted BitLicense for crypto firms. That was five years ago.

During his stint at NYSE, Albanese acquired the reputation of a tough cop who would not hesitate to punish traders for the slightest rule violations.

Andreessen Horowitz Co-Leader Says Crypto Is About to ‘Bloom’
With such solid work experience, Albanese is a valuable addition to Andreessen Horowitz, which opened its first cryptocurrency-focused fund in 2018.

It has placed its bets on both individual cryptocurrencies, such as Bitcoin, as well as some of the most prominent companies in the industry.

In April, the Menlo Park-based company launched another crypto fund that has raised $450 mln.

As reported by U.Today, a16z's billionaire cofounder Marc Andreessen joined the advisory board of America's leading exchange, Coinbase.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at