The co-founders of a16z expressed their desire to have a favorable policy under the Trump administration.
The duo stated that investors lacked protection under Joe Biden’s governance.
Horowitz accused the financial regulators in Biden’s tenure of providing “false promises” to crypto traders.
Following Donald Trump’s recent election victory, a16z co-founders Marc Andreessen and Ben Horowitz expressed hope for a more favorable regulatory environment under the new administration. In an interview on Wednesday, the duo criticized the Biden administration, highlighting its perceived hostility toward cryptocurrency.
Further, the duo raised concerns over the government’s failure to protect investors and its impact on the crypto market and hoped that Trump would provide favorable policies.
Horowitz and Caitlin Long Criticize Regulatory Failures
Horowitz accused financial regulators during Biden’s presidency of making “false promises” to crypto traders. He alleged that despite assurances to protect investors, defunct exchanges like FTX and Alameda Research were allowed to operate unchecked, manipulating user funds and destabilizing the market.
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