Marc Andreessen, while podcasting with Joe Rogan, claimed that 'approximately 30 founders of crypto and other companies had been quietly debanked', highlighting a troubling trend under the Biden administration.
He referred to this trend as 'Operation Choke Point 2.0', suggesting it aimed at targeting political adversaries and 'disfavored tech startups', indicative of a broader government policy.
He noted the impact of debanking on affected founders, who had no alternative but to 'hold all their money in cash' or 'keep applying to different banks' for access.
The notion of 'debanking' has historical precedence, evidenced by the Obama-era 'Operation Choke Point', which focused on financial accountability but sparked outrage among conservatives.
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