According to Foresight News, TechCrunch reported that a16z co-founder Marc Andreessen explained why he supports Trump in a podcast. He said that he has been a Democrat for most of his life, but he will support Trump in the 2024 presidential campaign because the Biden administration has stifled startups through excessive regulation and potentially unnecessary taxation, while the Trump administration will help innovation flourish. He disagrees with the White House's current plan for "over-regulation" of artificial intelligence. Unlike the Biden administration, Trump's cryptocurrency regulatory plan is a "comprehensive recognition of the entire field." Biden's proposal to tax unrealized capital gains forced him to vote for Trump.
Foresight News reported yesterday that Marc Andreessen and Ben Horowitz, founders of Marc Andreessena16z, said they plan to donate to Trump’s political action committee (PAC).
