CandleFocus

a16z cuts UK crypto plans as it shifts focus to Trump-era US opportunities

Silicon Valley venture capital firm Andreessen Horowitz (a16z) is refocusing its crypto efforts on the US and scaling back in the UK. This decision comes after Donald Trump's re-election and an executive order from his administration aimed at promoting cryptocurrency assets. The firm plans to reduce investments and operations in the UK while maintaining the ability to pursue deals through US-based partners. Bitcoin prices have surged following the election, driven by optimism for lighter regulations under Trump. Andreessen Horowitz's move signals its renewed focus on US crypto opportunities.

Related News