Marc Andreessen, a prominent venture capitalist in Silicon Valley, revealed on Joe Rogan’s podcast that the US government secretly cracked down on the crypto industry during the Biden administration. The accusations date back to 2022, when FTX collapsed, and many crypto founders and investors suspected a government crackdown. However, there was no official plan.
Andreessen claimed that federal regulators were conspiring to exclude crypto companies from the banking system, making it difficult for them to operate. He stated that over 30 crypto founders have been debanked in the last four years, effectively sanctioning them as if they were American citizens. This “privatized sanctions regime” allows bureaucrats to control access to the financial system, similar to how Iran is sanctioned by other countries.
Source: https://nymag.com/intelligencer/article/a-very-crypto-mystery.html