Prominent investors Ben Horowitz and Marc Andreessen sharply criticized the Biden administration’s regulatory approach to crypto, accusing federal regulators of lying about consumer protection motives while enabling damaging market practices.
What Happened: In a conversation on the Ben & Marc show, Horowitz stated, “The Biden regulators lied about crypto and said, ‘we have to protect consumers,’ but as they were terrorizing every compliant and legal company, they let all the crazy fly-by-night meme coins and scams run, because they wanted to destroy the industry and destroy trust in the markets.”
Horowitz’s comments reflect widespread frustration in the crypto industry regarding uneven regulatory enforcement, which critics argue …
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