Marc Andreessen, a prominent venture capitalist, discussed government actions against the crypto industry during an appearance on Joe Rogan's podcast. He accused federal regulators of implementing a covert crackdown that aims to exclude crypto companies from the banking system, referencing that approximately 30 founders have been "debanked" in recent years. His comments ignited intense debate throughout tech and finance circles, with many finding legitimacy in accusations long considered conspiracy theories. Insights from former Facebook executive David Marcus further highlighted the perceived government influence in stifling crypto innovation, referencing an incident involving their failed digital currency project.
We've had like 30 founders debanked in the last four years. Basically, it's a privatized sanctions regime that lets bureaucrats do to American citizens the same thing that we do to Iran: kick you out of the financial system.
I'm sure there's been a whole government program, but nobody wants to talk about it. The aim is to push crypto out of the financial system.
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