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ChainCatcher news, according to Cointelegraph, venture capital firm Andreessen Horowitz (a16z) is urging U.S. lawmakers to amend a draft cryptocurrency regulation bill, warning that the framework may have serious loopholes that jeopardize investor protection mechanisms.In an open letter to the U.S. Senate Banking Committee, a16z suggested that regulators address the gaps in the cryptocurrency legislation draft. This letter is a formal response to the discussion draft released at the end of July. The discussion draft is based on the CLARITY Act, aimed at soliciting industry input to advance regulatory legislation for cryptocurrency assets.a16z specifically pointed out issues with the definition of "ancillary assets" in the draft, a term referring to tokens sold through investment contracts that do not grant the buyer equity, dividends, or governance rights. The letter stated: "'Ancillary assets' should not serve as a legislative foundation without significant modifications."

ChainCatcher news, blockchain security service provider Ancilla has completed a Pre-Seed funding round, led by Binance Labs, with the amount of funding yet to be disclosed.It is reported that Ancilla was established in 2022, providing automated and real-time blockchain threat detection and prevention SaaS products. The team is one of those who reported the Transit Swap hack in October 2022, and its mission is to ensure the security of the Web3 world by providing effective and easy-to-adopt security solutions. (source link)