RSS ZeroHedge News

FinTech CEOs Expose How Feds Colluded In 'Debanking' Schemes After Andreessen 'Opened The Floodgates' On Rogan

Billionaire investor Marc Andreessen recently discussed the U.S. government's control over AI and a secret government effort to "debank" 30 tech founders, especially those in crypto, during an interview with Joe Rogan. David Marcus, former PayPal president and Facebook executive, confirmed Andreessen's claims, stating that his team at Facebook faced political opposition and regulatory hurdles that led to the demise of their cryptocurrency project, Libra. Gemini COO Luke Youngblood also confirmed the events, remembering how Coinbase was working on adding custody support for Libra before it was shut down. Andreessen highlighted that the government's actions were not legal or regulatory, but purely political. The debanking of tech founders, including Donald Trump, Melania Trump, and Barron Trump, was also discussed. Banks, including HSBC, have been known to debank individuals affiliated with crypto. The story also touches on the regulatory compliance costs created by Dodd-Frank, which effectively barred new banks from entering the market.
www.zerohedge.com
www.zerohedge.com