Ryne Saxe described the experience of losing banking support for his crypto start-up Eco as 'like hell,' indicating the severe struggles faced by cryptocurrency companies in the U.S. as they deal with mounting compliance and reporting demands from banks pushed by government scrutiny.
Marc Andreessen, a notable venture capitalist, suggested that Democrats are terrorizing cryptocurrency start-ups by coercing banks into severing ties with them, a sentiment echoed by other industry leaders like Elon Musk and Brian Armstrong.
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