Quantcast

Marc Andreessen: 'Chokepoint 2.0 is primarily against their political enemies and disfavored tech startups'

Mercurity Fintech to build $200 million SOL treasury with backing from Solana Ventures Ltd.
Out with gold, in with Bitcoin: India's ultra-rich are betting everything on crypto
Trump’s media company reports $2B in Bitcoin after crypto bills pass US House
UK to sell $7.2 billion worth of Bitcoin (BTC)
BloFin Adds Apple Pay Support; An Even Smoother Crypto Buying Experience for Traders
Bitcoin creator Satoshi Nakamoto is the world’s 11th richest person
Binance Launches TGE Bonding Curve with Four.Meme: Everything You Need to Know
Bernstein expects 'long and exhausting' crypto bull market with bitcoin to hit $200,000 by early 2026
Strategy bags another $472M in BTC as Bitcoin jumps to new highs
Bank of England puts a stop to stablecoins: here's why
UAE Golden Visa is ‘being developed independently‘ — TON Foundation
SEC Sets July Deadline for Solana (SOL) ETF Refilings, Clearing Path for Pre-October Approval
Robinhood's OpenAI-linked token drop triggers demand debate
US Secret Service cracks down on crypto scams
Donald Trump Signs His “One Big Beautiful Bill” Budget Law — What’s the Takeaway?
Crypto exchange OKX wants to go public on Wall Street
Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking
India wants 30% of your crypto gains, but that’s not the worst part
This payment giant announces a stablecoin for 6 million merchants and 10,000 financial institutions
Bitcoin at $21 million by 2046? Michael Saylor revises his predictions upwards
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
Geopolitical tensions: Gold soars, Bitcoin hesitates
Bitcoin on the rise, towards a new ATH likely
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Justin Sun lance une Tron Treasury Company avec le soutien de la famille Trump
Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
300 million euros: The Blockchain Group continues to raise funds to accumulate as many Bitcoins as possible
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
These cryptocurrencies are experiencing a massive price increase!
This project combining stablecoin and Bitcoin (BTC) raises $500 million in less than an hour
Marc Andreessen: 'Chokepoint 2.0 is primarily against their political enemies and disfavored tech startups'
Web3/Crypto
Webp andreessen
Marc Andreessen, General Partner at Andreessen Horowitz | a16z.com

Marc Andreessen, general partner of Andreessen Horowitz, has raised concerns about what he describes as "Chokepoint 2.0," a strategy targeting political opponents and tech startups through de-banking and economic pressure. Andreessen shared his views on The Joe Rogan Experience podcast on November 26.

"Chokepoint 2.0 is primarily against their political enemies and then to their disfavored tech startups," said Andreessen. "We've had, like, 30 founders debanked in the last four years. There's no due process. None of this is written down. There's no rules, there's no court, there's no decision process, there's no appeal."

According to CCN, Operation Chokepoint 2.0 is an alleged initiative by U.S. government agencies aimed at restricting banking services for cryptocurrency and certain tech industries. This effort is perceived as a continuation of the original Operation Chokepoint, which targeted industries such as payday lending and firearms dealers by pressuring banks to sever ties, thereby limiting these businesses' access to financial services.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Andreessen explained that Chokepoint 2.0 is enforced through informal government pressure rather than formal legislation or regulation. He said on the podcast, "There’s no due process. None of this is written down. There’s no rules, there’s no court, there’s no decision process, there’s no appeal." He described this exercise as "raw administrative power," which allows government agencies to pressure banks into compliance without accountability or transparency, leaving businesses defenseless.

In a post on X (formerly Twitter), Tesla CEO Elon Musk responded to a clip from The Joe Rogan Experience featuring Andreessen by saying, "Did you know that 30 tech founders were secretly debanked?" During the podcast discussion, Andreessen mentioned that "We’ve had, like, 30 founders debanked in the last four years," highlighting the impact of Chokepoint 2.0 on tech startups and individuals.

Custodia Bank CEO Caitlin Long also commented on her company's experiences with being "debanked repeatedly" and referenced ongoing legal action against the Federal Reserve. She posted on X: "Keep an eye on our pending lawsuit against the Fed. Oral argument is scheduled for January 21." Long's remarks align with discussions surrounding Chokepoint 2.0 and its effects on financial access for lawful businesses.

According to information from the Andreessen Horowitz website, Marc Andreessen is a co-founder and general partner at the venture capital firm Andreessen Horowitz. He co-created the Mosaic internet browser and co-founded Netscape, which was sold to AOL for $4.2 billion. Additionally, he co-founded Loudcloud (later rebranded as Opsware), which was sold to Hewlett-Packard for $1.6 billion. Andreessen holds a Bachelor of Science degree in computer science from the University of Illinois at Urbana-Champaign and has served on several boards including Hewlett-Packard (2008–2018) and Meta Platforms Inc., as well as several companies within the Andreessen Horowitz portfolio such as Coinbase, Samsara, and Flow.

More News

Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.

Jul 18, 2025

Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.

Jul 18, 2025

Vitalik Buterin, co-founder of Ethereum, said that building layer-2 networks to leverage Ethereum’s core features delivers security and efficiency unachievable by earlier enterprise blockchains.

Jul 18, 2025

Changpeng "CZ" Zhao, founder of Binance, said that the New York Stock Exchange (NYSE) should not be equated with the entire U.S. economy.

Jul 18, 2025

Marina Markezic, co-founder of the European Crypto Initiative, said that increased regulatory attention on Maximal Extractable Value (MEV) necessitates counter-measures to protect users and maintain market integrity while ensuring blockchain...

Jul 16, 2025

Changpeng Zhao, founder of Binance, has said that a Bloomberg article contained multiple factual errors and suggested that legal action for defamation could be considered again.

Jul 16, 2025