Variant Chief Legal Officer: Today is the beginning of a major shift in U.S. encryption policy

Jake Chervinsky, the Chief Legal Officer of Variant Fund, a cryptocurrency venture capital firm, stated on social media that "today marks the beginning of a major shift in US cryptocurrency policy. The goal is to achieve good regulation and promote diversity. The past four years' approach has been to destroy the entire field. The current risk is that there are countless scams: weeds are choking the flowers."