This story and video are positively shocking.
Marc Andreessen, who has started numerous successful high-tech firms and is an investor in the field, recently appeared on the Joe Rogan podcast and talked about how the U.S. government quietly works with large financial institutions to de-bank people they see as a threat, including people who are just trying to create startups or invest in crypto.
Oddly, this never seems to happen to people on the political left, and Andreessen suggests that Elizabeth Warren’s fingerprints are all over this.
NFT Gators has details:
A16z’s Marc Andreessen Tells Joe Rogan Biden Administration “Debanked Over 30 Crypto Startups”
In the run-up to the November U.S. election, several crypto companies had already declared their support for President-elect Donald Trump.
While the Securities and Exchange Commission’s war on crypto was perceived to be the predominant reason for the crypto industry’s stand, A16z co-founder and General Partner Marc Andreessen revealed during a Joe Rogan podcast why some founders chose to endorse Trump.
According to Andreessen, the government debanked over 30 tech startups including crypto founders over the past four years. He also claims that the exercise goes back 15 years during the Obama administration when several ‘unconventional startups’ including marijuana businesses were debanked.
The exercise became more popular during the “Operation Choke Point” in 2013, which investigated banks in the United States and the businesses they dealt with including firearm dealers, payday lenders and others that were considered a high risk for fraud and money laundering despite operating legally.
Andreessen claims the current administration extended that practice over the past four years to include tech founders, especially crypto startups.
Watch this entire video. It’s stunning.
The entirety of the Joe Rogan <> Marc Andreeseen podcast is fascinating, but please, please listen to this part.
The abuse of power within unaccountable (and arguably unconstitutional) federal agencies has become so extreme the stories are almost unbelievable. pic.twitter.com/wwwEifM41U
— Austen Allred (@Austen) November 27, 2024
The government should not be able to scheme to get people de-banked. All of this must end once Trump takes over.
