a16z issued a document stating that it will open an a16z office in London. The new office is scheduled to open later this year, led by general partner Sriram Krishnan, and is committed to developing cryptocurrency and entrepreneurial ecosystems in the UK and Europe. At the same time, a16z also plans to hold the next Crypto Starup School in London in the spring of 2024. The opening of a16z's office in London was supported by British Prime Minister Rishi Sunak, who expressed his "determination to unlock opportunities for this technology and turn the UK into the world's Web3 center." At the same time, a16z will also continue to invest heavily in the United States and remains committed to working with US policymakers and regulators to bring more clarity to the regulation of cryptocurrency startups.