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Debanking (and Debunking?)

bitsaboutmoney.com · 24,332 words · saved by 1 readers

Crypto advocates kicked off a recent, somewhat politicized, discussion of debanking. Strap in for scintillating banking compliance trivia.

Debanking (and Debunking?) Patrick McKenzie (patio11) • Dec 9th, 2024 Recently, noted VC Marc Andreessen kicked off a discussion about debanking, in a podcast with his co-founder Ben Horowitz (begins at 7:42 ) and in an appearance on Joe Rogan’s podcast. The venture firm they founded, a16z, also published a brief on this topic. The central thrust, quoting a16z’s brief (ellipsis in original): “ Debanking can therefore be used as a tool or weapon systemically wielded by specific political actors / agencies against private individuals or industries without due process. Imagine if the governm

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