PANews reported on December 5 that venture capitalist and a16z co-founder Marc Andreessen said in the Joe Rogan podcast that the US government had pressured banks to close accounts related to industries such as cryptocurrencies. French Hill, a member of the House Financial Services Committee, expressed concern about this at a hearing on Wednesday and promised to continue to review the issue in the new year.
At the hearing, Denelle Dixon, CEO of the Stellar Development Foundation, and Nathan McCauley, CEO of Anchorage Digital, both confirmed that they had experienced direct bank service cuts. Hill said: "Legal businesses in this great country should have the freedom to access banking services." It is worth noting that the newly elected President Trump has promised to end the relevant measures known as "Operation Breakpoint 2.0" in the industry, sending a friendly signal to the cryptocurrency industry.
