Miles Jennings

@milesjennings

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1401 Followers

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Over 4 years at @a16zcrypto, I've found writing to be the best tool for exploring crypto’s complexity—from advising founders to constructing policy. It’s a discovery engine that demands clarity, consistency and transparency. Here are 10 posts I learned the most from writing:

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Our full response to Questions #7 through #14 of the SEC's Crypto Request For Information (public offerings and the safe harbor) can be found here: https://a16zcrypto.com/posts/article/sec-rfi-comments-on-public-offerings-and-safe-harbor-from-registration/

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The SEC’s 2021 token safe harbor proposal introduced control-based decentralization. Today, we proposed steps to bolster it—enabling progressive decentralization while preventing get-rich-quick schemes. Key Premise: Expand market access as risks of info asymmetries decline.

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In this post, we share practical lessons that can help keep you — crypto founders, operators, and investors — safe in an increasingly dangerous world. https://a16zcrypto.com/posts/article/personal-physical-security/

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Simply defining tokens based on what they do leads to constantly shifting and recycled narratives. Defining tokens in terms of both what they do and don't do enables greater clarity.👇

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Tokens aren't cryptocurrency. In this episode of web3 with a16z, @eddy, @skominers, @hackr, @milesjennings, break down what they really are. Tune in: https://a16zcrypto.com/posts/podcast/token-guide-types-design-uses/ We move beyond conventional categories — like “governance tokens” or “utility tokens” or even “memecoins” — to present a full taxonomy of what tokens are, what they aren’t, and what they’re capable of becoming. Questions we explore: What is a token? Is it a form of money? A piece of data? Something else? How many types of tokens are there — and who is in control of each? And how should we think about their actual economic, legal, and technical characteristics? We also dig into different token designs and their uses; where tokens derive value from; how they jibe with securities law; and much more.

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Amanda Tuminelli

We @fund-defi wrote 5 guiding principles for the SEC Crypto Task Force to consider as they implement a Token Safe Harbor for projects *intending to decentralize*, which include proposed eligibility and exit criteria. Check it out and tell us what you think in our feedback form linked below. https://www.defieducationfund.org/post/defi-education-fund-submits-guiding-principles-for-token-safe-harbor-to-sec-crypto-task-force

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The Biden SEC's attack on crypto created perverse incentives that were detrimental to Americans. For example, it led to them being excluded from airdrops, depriving them of ownership of the internet. Today, we published a quick explainer of our airdrop safe harbor proposal👇 https://a16zcrypto.com/posts/article/airdrops-safe-legal-frequent/

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In this episode, we talk about one of the most familiar — and most misunderstood — mechanics in crypto: the airdrop. We explore the history of airdrops in and outside crypto, the challenges of incentive design, and learnings from airdrops to date. We also answer questions like how do you avoid Sybil attacks and professional airdrop farming? Should your drop be big or small, one-time or ongoing? And what happens when AI agents enter the mix? To break it all down, we’re joined by @eddy, @darenmatsuoka, @andyhall, & @hackr Whether you’re planning a token launch, looking for token rewards, or just curious why airdrops have become such a powerful mechanism in crypto — this episode is for you. https://a16zcrypto.com/posts/podcast/all-about-airdrops/

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+/ For more (30+ posts across 250+ pages), see: https://a16zcrypto.com/team/miles-jennings/

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10/ NFT Licenses – Overview of licensing for NFTs and introduction to the “Can’t Be Evil” NFT licenses. https://a16zcrypto.com/posts/article/introducing-nft-licenses/

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9/ Decentralized Governance – How the creation of a Machiavellian DAO can drive more effective decentralized governance – a system that incentivizes competition, empowers rivals and uses non-token based voting. https://a16zcrypto.com/posts/article/machiavelli-principles-dao-decentralized-governance/

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8/ DAO Framework - Introduction of a new legal entity form, the Decentralized Unincorporated Nonprofit Association (DUNA), specially tailored for DAOs. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4749245

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7/ DAO Framework – A legal entity selection framework for DAOs and discussion of the many risks of offshore structures. https://api.a16zcrypto.com/wp-content/uploads/2022/06/dao-legal-framework-part-2.pdf

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6/ DeFi Framework — Exploring how regulation of DeFi should only focus on areas where intermediary-related risks arise. Following this principle provides a roadmap for frontend app, smart contract, blockchain, and decentralized governance design. https://a16zcrypto.com/posts/series/regulate-apps-not-protocols-ranp/

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5/ Token Launches – 5 simple rules for token launches that every entrepreneur should know and (still!) follow. https://a16zcrypto.com/posts/article/5-rules-for-token-launches/

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4/ Protocol Designs for Decentralization – How decentralization can be incentivized in different complex smart contract protocol models, including social, NFT and RWA protocols. https://a16zcrypto.com/posts/article/web3-decentralization-models-framework-principles-how-to/

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3/ Control-Based Decentralization Framework — In this SEC submission, we demonstrate how a new control-focused approach to decentralization can be used to tackle the most significant and complex crypto issues under securities laws. https://api.a16zcrypto.com/wp-content/uploads/2025/03/a16z-Crypto-SEC-RFI-Questions-1-through-6-March-13-2025.pdf

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