What happens when over 30 tech founders lose access to banking services without warning? According to Marc Andreessen, this is no accident—it’s a government conspiracy.

Andreessen, co-founder of venture capital firm Andreessen Horowitz, claims the Biden administration is using financial exclusion as a weapon in what he terms “Operation Chokepoint 2.0.”

Speaking on The Joe Rogan Experience podcast on Tuesday, Andreessen revealed, “Over 30 founders had been debanked in the last four years,” calling the practice a direct attack on legal businesses.

The term Operation Chokepoint originates from an Obama-era program that cut off financial services to industries deemed controversial or high-risk, such as marijuana dispensaries and gun shops. 

Andreessen accused the Biden administration of reviving and expanding this strategy to target political opponents and disfavored tech startups, particularly in the crypto industry.

“Operation Chokepoint 1.0 was 15 years ago against the pot and the guns,” he explained. “Chokepoint 2.0 is primarily against their political enemies and disfavored tech startups.”

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Author: Vismaya V