How ‘Debanking’ Tech And Crypto Companies Could Kill Businesses
Photographer: David Maung/Bloomberg *** Local Caption *** Marc Andreessen
Venture capitalist Marc Andreessen recently ignited controversy by claiming that over 30 tech and cryptocurrency founders were covertly “debanked” during President Joe Biden’s administration.
During a podcast interview with Joe Rogan last week, Andreessen alleged that this practice, dubbed “Operation Chokepoint 2.0,” targeted tech startups, particularly in the cryptocurrency space.
The cofounder of Andreessen Horowitz stated that those who were debanked—referring to individuals whose bank accounts were closed or who were barred from opening new accounts—were left with no option but to keep their funds in cash or continue seeking…
