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You need to enable JavaScript to run this app. News Market UpdatesMarkets and PricesFinanceLearning InsightsEconomicsLegalMiningRegulationBlockchainNews Bytes Learning Center Newsletters Advertise Advertise With UsSubmit Press ReleasePress Releases Trump 47 Bull 24 NEWS Market UpdatesMarkets and PricesFinanceLearning InsightsEconomicsLegalMiningRegulationBlockchainNews Bytes ABOUT NewsBitcoinWalletSpend DIRECTORY ATMWalletGamesExchangesLoansOTCCardsTaxPayments ADVERTISE Advertise With UsSubmit Press ReleasePress Releases CRYPTO BuySellMarketDEX LATEST CRYPTO NEWS IN YOUR INBOX Subscribe for updates WeeklyAfricaLatamPrice AnalysisGames Newsletter Read in app Trump 47 * Finance * Learning Center * Newsletters * Advertise Bitcoin BTC $USD 96,514.69 0.19% XRP XRP $USD 1.57 6.06% Dogecoin DOGE $USD 0.41 -4.42% Ethereum ETH $USD 3,581.45 -1.52% TRON TRX $USD 0.20 0.37% Solana SOL $USD 240.18 -1.70% Render RENDER $USD 8.46 3.03% Toncoin TON $USD 6.39 -0.97% Worldcoin WLD $USD 2.82 10.44% Verse VERSE $USD 0.00 -1.88% Pepe PEPE $USD 0.00 -1.56% Bitcoin BTC $USD 96,514.69 0.19% XRP XRP $USD 1.57 6.06% Dogecoin DOGE $USD 0.41 -4.42% Ethereum ETH $USD 3,581.45 -1.52% TRON TRX $USD 0.20 0.37% Solana SOL $USD 240.18 -1.70% Render RENDER $USD 8.46 3.03% Toncoin TON $USD 6.39 -0.97% Worldcoin WLD $USD 2.82 10.44% Verse VERSE $USD 0.00 -1.88% Pepe PEPE $USD 0.00 -1.56% Powered by Disclaimer News by Jamie Redman 13 hours ago THE LATEST * Historic Win For Crypto: Court Strikes Down Treasury's OverreachFEATURED | 11 minutes ago * Robert Kiyosaki Shares $500K Bitcoin Forecast — How It Compares to Other BTC PredictionsMARKETS AND PRICES | 1 hour ago * 21shares Launches 4 New Exchange Traded ProductsFINANCE | 2 hours ago * Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El SalvadorNEWS | 3 hours ago * 'Without Shadow of Doubt:' More Nations Preparing to Introduce Strategic Bitcoin Reserve RegulationsNEWS | 4 hours ago * QCP Capital: Crypto Optimism Grows as Bitcoin Hits $95K and Ethereum Eyes $4.8KMARKET UPDATES | 5 hours ago * Ruble Plunges to New 2024 Low After US Imposes Sanctions Targeting Russian BanksECONOMICS | 6 hours ago * LBank Reaches 15 Million Users, Achieving New Milestone in Global Crypto ExchangeBRANDED SPOTLIGHT | 9 hours ago CRYPTO COMPANY FOUNDERS EXPOSE WIDESPREAD 'DEBANKING' ORCHESTRATED BY FINANCIAL TITANS UNDER POLITICAL PRESSURE Marc Andreessen’s chat with Joe Rogan set off a viral response from the crypto world, with many industry enthusiasts and startup founders recounting their own run-ins with being debanked by financial institutions. This exchange quickly became a focal point for the community, sparking shared experiences and fresh debates around access and fairness in traditional banking. CRYPTO FOUNDERS SPEAK OUT: BANKS AND REGULATORS UNDER FIRE FOR DEBANKING TACTICS During a lively episode of the Joe Rogan Show, Marc Andreessen, co-founder of Andreessen Horowitz, revealed that 30 tech founders had their banking access revoked simply for being linked to digital currencies. Once snippets of Andreessen’s comments hit the internet—amplified by influencers on X, including Elon Musk—the story took on a life of its own, prompting countless others to share their own tales of being shut out by financial institutions. Jeremy Kauffman, the founder of LBRY, took to social media to share a letter he had received from TD Bank, sparking curiosity and discussion among his followers. “In March of 2020, my company’s bank accounts and my personal bank accounts were all closed simultaneously, without warning, and without any accusation of policy violations,” Kauffman shared. When someone asked about more information about Andreessen’s claims, Casa co-founder Jameson Lopp said: > My company was debanked. The crypto influencer Cobie also chimed in saying, “I have been debanked several times, and it’s virtually impossible for crypto companies to get bank accounts that sustain >1yr.” Tyler Winklevoss, co-founder of Gemini, shared his perspective, stating: > I was debanked because I’m in crypto, as was Gemini. The number is probably > much larger than 30, thats just in the a16z portfolio alone. They also > assassinated several banks because they banked crypto companies. Totally > unlawful, evil behavior. Caitlin Long of Custodia also shared her own banking ordeal, contributing to the discussion after Elon Musk asked if people knew about these claims. “Yes—debanked repeatedly, in my company’s case (Custodia Bank). Keep an eye on our pending lawsuit against the Fed. Oral argument is scheduled for Jan 21 (the day after Inauguration Day),” she added. Barry Silbert’s brother, Alan Silbert gave his perspective. “If you have been in the crypto space and haven’t lost a bank account, it just means you haven’t been in the space long enough,” Silbert said. “The impact has been pervasive and I’m hoping we are soon seeing an end to it.” Founders Fund partner Joey Krug claimed he was debanked “multiple times” and that a bank harassed him in the past because he purchased BTC on Coinbase. Several other crypto company founders continued to share their debanking ordeals. “I had a spreadsheet of banks that denied me after I founded Tradehill and I’m still banned at HSBC, BofA, Chase, Citi, [Wells Fargo], and others. I’d try to talk to 5-10 a day at points,” Tradehill founder Jered Kenna wrote. “[Kraken’s Jesse Powell] somehow made it through this and I’ve got a ton of respect for what he also endured. Wells closed an account and everyone that was a signer on that account had every other account they were a signer on closed.” Kenna added: > This led to personal accounts and in the case of a guy that advised a few > startups something like 12 accounts closed of companies he worked with. Kraken’s Powell responded to Kenna’s statement. “We had no U.S. banking for several years while one US company enjoyed a monopoly secured by its heavyweight investors. That singular bank was recently assassinated. We barely made it by focusing on Europe. [Kraken] has too many stories of clients and employees losing U.S. banking,” Powell remarked. The pervasive nature of these banking shutdowns suggests a deliberate strategy by the Biden administration targeting those involved in digital currencies, raising questions about governmental overreach and collusion with financial institutions. Such actions erode the principles of a free market, casting a shadow over foundational rights like equal access to financial services. This pattern of discrimination demands urgent scrutiny and accountability to restore trust in the system. “When Justin Trudeau and Chrystia Freeland unbanked the Canadian truckers to silence them, the world saw the oppression but those poor proletarians couldn’t really fight back,” the prominent tech entrepreneur Balaji Srinivasan posted to X. “However, once Elizabeth Warren and her goons tried to attack tech founders in the same way, they finally met their match.” Srinivasan continued: > These ruthless wokes ran headlong into a determined counter-elite with enough > resources to — just barely — fight back and win. This is a general rule. > Progressives love to beat up on isolated conservatives, but they start losing > once tech libertarians enter the fight. If these claims of debanking crypto entrepreneurs and companies are proven true, they signal a grave abuse of power that undermines fair competition and stifles innovation. The Biden administration, people like Senator Elizabeth Warren, and many others responsible for enabling or enforcing such policies should answer for their transgressions in a court of law, as unchecked actions of this scale could set a dangerous precedent for suppressing emerging industries and dissenting voices in the future. TAGS IN THIS STORY Crypto, debanking BILLION-DOLLAR INVESTMENT FIRM VANECK HIGHLIGHTS BUKELE’S BITCOIN GAMBIT IN EL SALVADOR News | 3 hours ago 'WITHOUT SHADOW OF DOUBT:' MORE NATIONS PREPARING TO INTRODUCE STRATEGIC BITCOIN RESERVE REGULATIONS News | 4 hours ago Image Credits: Shutterstock, Pixabay, Wiki Commons PREVIOUS ARTICLE Foresight Ventures Launches New York Strategic Office at One World Trade Center NEXT ARTICLE BingX Partners with SafePal to Enhance Liquidity and Crypto Trading Accessibility Buy crypto Sell crypto I want to buy Bitcoin(BTC) How much? USD GET QUOTE MORE POPULAR NEWS LATEST CRYPTO NEWS IN YOUR INBOX Get the newsletter directly to your inbox Sign up Login to Bitcoin.com Use this account to activate and manage your Bitcoin.com subscription Continue with email OR Continue with AppleContinue with Google I agree to receive informational and marketing emails from Bitcoin.com and its partners. By continuing you agree to our User Agreement, Wallet Service Terms, and Privacy Policy. IN CASE YOU MISSED IT Robert Kiyosaki Shares $500K Bitcoin Forecast — How It Compares to Other BTC Predictions Robert Kiyosaki has highlighted AI's $500,000 bitcoin prediction for 2025, aligning with analysts citing institutional adoption, regulatory shifts, and growing demand. $500K Bitcoin in 2025? AI and Crypto Experts Share Bold Predictions Robert Kiyosaki, the renowned author of Rich Dad… read more. 21SHARES LAUNCHES 4 NEW EXCHANGE TRADED PRODUCTS BILLION-DOLLAR INVESTMENT FIRM VANECK HIGHLIGHTS BUKELE’S BITCOIN GAMBIT IN EL SALVADOR 'WITHOUT SHADOW OF DOUBT:' MORE NATIONS PREPARING TO INTRODUCE STRATEGIC BITCOIN RESERVE REGULATIONS QCP CAPITAL: CRYPTO OPTIMISM GROWS AS BITCOIN HITS $95K AND ETHEREUM EYES $4.8K RUBLE PLUNGES TO NEW 2024 LOW AFTER US IMPOSES SANCTIONS TARGETING RUSSIAN BANKS LIGHTCHAIN PROTOCOL AI SET TO USHER IN A NEW ERA OF DECENTRALIZED AI WITH LCAI TOKEN PRESALE NOW LIVE ANALYSTS: GOLD TRANSACTIONS FUEL RUSSIAN SHADOW TRADING PAYMENTS CRYPTOAUTOS ANNOUNCES LAUNCH DATE FOR $AUTOS TOKEN SALE: MERGING BLOCKCHAIN WITH LUXURY CARS LBANK REACHES 15 MILLION USERS, ACHIEVING NEW MILESTONE IN GLOBAL CRYPTO EXCHANGE CONTINUE IN THE BITCOIN.COM APP Read in app and unlock free crypto. Read & Earn Catch Up on the Latest in Crypto!! 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