The US crypto CEOs admit to being "secretly suppressed" by the Biden administration

Crypto CEOs in the US have publicly acknowledged that they are facing "secret suppression" from the Biden administration. In a recent conversation with podcaster Joe Rogan, Marc Andreessen, the founder of the investment firm a16z, revealed that more than 30 company founders, primarily in the crypto sector, have had their bank accounts closed without clear reasons, leading to severe damages for them and their businesses.

This campaign, known as Operation Choke Point 2.0, is said to aim at restricting the growth of the crypto industry through the use of pressure from banking regulators. Many founders have spoken out, including Sam Kazemian and Caitlin Long, stating that they have also experienced being “debanked.” Additionally, the CEO of Coinbase, Brian Armstrong, criticized this as an unethical act, arguing that it contributed to the Democratic Party's losses in recent elections.

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