Ex-crypto regulator already at work on second VC fund
Matthew Homer—a one-time crypto regulator with the New York Department of Financial Services and founder of VC firm Department of XYZ—is raising a second fund mere months after closing his first, according to four people familiar with the matter.
The raise comes as crypto companies navigate stormy regulatory waters and await the outcome of an uncertain election. The former regulator has a few aces up his sleeve as he courts LPs: his resume, his rapport with policymakers and a deep roster of LP advisors steeped in regulatory matters.
https://pitchbook.com/news/articles/crypto-regulator-matt-homer-vc-fundraising
muh revolving door revolves