CandleFocus Marc Andreessen Criticizes Biden Administration's War on Crypto Founders
2024-11-27
Author: Content Editor
In a recent podcast interview, Marc Andreessen, co-founder of Andreessen Horowitz, accused the Biden administration of using the banking system to target and exclude crypto entrepreneurs, referring to it as "Operation Chokepoint 2.0." He claimed that over 30 founders in the crypto industry have been denied access to banking services in the last four years, hindering innovation and driving businesses overseas. This exclusion has led to increasing support for decentralized finance (DeFi) as an alternative to traditional banking. Andreessen expressed dissatisfaction with the administration's approach to crypto and tech regulation and suggested that these policies may strengthen the crypto revolution.
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