Andreessen Horowitz to close London office in pullback from UK crypto investing

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Financial Times 5d ago

Andreessen Horowitz to close London office in pullback from UK crypto investing - Financial Times

Quick Summary:

The switch comes as Trump signed an executive order on Thursday aimed at promoting cryptocurrencies in the US and working towards potentially developing a national digital asset stockpile.

Prices in tokens such as bitcoin have soared since Trump’s election, under the belief that the new administration will advocate light-touch regulation of the crypto sector.

Marc Andreessen and Ben Horowitz, the firm’s founders, have become supporters of Trump, while advising him on technology policy.