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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.
