According to Odaily Planet Daily, a16z founders Ben Horowitz and Marc Andreessen recently discussed the challenges facing the cryptocurrency industry under the current administration and endorsed former President Trump.

The two founders have publicly criticized the Biden/Harris administration’s handling of the cryptocurrency industry, highlighting a series of regulatory challenges that they believe are stifling innovation and growth in the industry.

In a podcast conversation, Ben Horowitz and Marc Andreessen detailed their dissatisfaction with the U.S. SEC, noting that the regulator has yet to provide clear guidance on which cryptocurrencies are considered securities and which are considered commodities.