Variant's Chief Legal Officer: Today marks the beginning of a major shift in U.S. crypto policy

Jake Chervinsky, chief legal officer at Variant Fund, a cryptocurrency venture capital firm, said in a social media post: "Today marks the beginning of a major shift in U.S. crypto policy. The goal is to achieve good regulation and a hundred flowers. The approach for the past four years has been to destroy entire meadows. The risk now is that a thousand scams will emerge: weeds kill flowers."