a16z co-founder: 30 tech founders have their bank accounts revoked due to cryptocurrency
ChainCatcher news, according to Bitcoin.com News, Andreessen Horowitz (a16z) co-founder Marc Andreessen stated that 30 tech founders had their bank accounts revoked solely due to their association with digital currencies. Several crypto company founders, including Gemini co-founder Tyler Winklevoss and LBRY founder Jeremy Kauffman, shared similar experiences.
The Gemini founder stated: "Not only personal accounts but even company accounts have been closed due to cryptocurrency business, and several banks supporting crypto companies are facing pressure." Custodia Bank founder Caitlin Long revealed that her company is suing the Federal Reserve due to multiple instances of being de-banked, with a court hearing expected in January next year.
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