Marc Andreessen and Ben Armstrong Allege Democratic Plot Against Tech and Crypto

• Marc Andreessen has accused the Democratic Party of unethical behavior.
• The Biden Administration told the tech founders to avoid starting AI companies.
• Brian Armstrong has taken steps to uncover the government’s secret agenda.

Renowned American businessman Marc Andreessen accused the Democratic Party of unethical practices targeting unfavored industries. In a recent podcast, Andreessen claimed that the Biden Administration denied tech startups access to banking services to stifle their operations.

Andreessen alleged that Biden officials warned tech founders against starting AI companies, asserting that such ventures would not be allowed to succeed. He further accused the administration of pursuing total government control, fostering a landscape where only a few large, regulated companies dominate.

FOIA Investigation Aims to Expose Alleged Government Misconduct

Meanwhile, Coinbase founder Ben Armstrong confirmed these allegations, calling the situation “one of the most unethical and un-American events.” Armstrong specifically blamed Senator Elizabeth Warren, claiming she orchestrated the process. He revealed that he and others are using the Freedom of Information Act (FOIA) to collect documents exposing the scheme.

Armstrong highlighted that they aim to expose the entire story, identify those involved, and establish if they broke any laws. Andreessen added that this approach began long before Biden’s term, referencing former President Barack Obama’s administration, which he said “debanked” businesses that conflicted with their agenda, making transactions difficult for affected companies.

Read also: Gemini Founders Contribute $1M To Unseat Senator Elizabeth Warren

Armstrong accused Senator Warren and the SEC chair Gary Gensler of trying to kill the blockchain and cryptocurrency industry. However, he argued that these efforts backfired, contributing to the Democrats’ loss in the presidential election. He urged the party to distance itself from Warren if it hopes to rebuild effectively.

Optimism returned to the crypto industry following Donald Trump’s election victory. Industry stakeholders voiced support for Trump, citing his pro-tech and crypto policies. They believe his administration will encourage growth in the tech sector, including cryptocurrency, unlike the outgoing administration’s regulatory stance.