Andreessen Horowitz policy chief Miles Jennings stated on October 30, 2026 that classifying autonomous decentralized exchanges as brokers exceeds the authority of Illinois law and conflicts with federal classifications.

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

How tax authorities treat digital assets, from capital gains on trades to income from staking, mining, and airdrops, along with reporting rules for exchanges and individuals.

Non-custodial trading protocols enabling peer-to-peer asset swaps on-chain.