Andreessen Horowitz appoints Treasury official as head of regulatory

Andreessen Horowitz appointed Michele Korver, an official at the US Treasury’s Financial Crimes Enforcement Network (FinCEN), as head of regulatory as the venture capital firm continues its push into crypto and web3. 

Korver has spent more than 25 years in government and regulatory roles and is known as one of the foremost federal prosecutors in crypto, the firm known as a16z wrote in a blog post on Tuesday. She’s served as FinCEN’s chief digital currency advisor and worked across the Treasury, advising on digital asset policy.

“It is hard to imagine someone better positioned to navigate and help shape the rapidly evolving web3 regulatory landscape,” a16Z wrote in the post. 

Korver will work with companies building products in the web3 space, according to a16Z. 

“I’m now excited to join a16z crypto and work directly with web3 projects to help them thrive in a rapidly-developing regulatory environment. a16z crypto was an early supporter of crypto and web3, and I’ve long admired their team and the visionary entrepreneurs they’ve backed,” Korver wrote on Twitter. “It’s clear to me that web3 and its underlying crypto technology can solve critical challenges of national importance.”