Connect with us

Policy & Regulation

Pro-Bitcoin Marc Andreessen helps to staff Elon Musk’s D.O.G.E cost-cutting body

Published

on

Credit : cryptonews.net

The co-founder of the enterprise capital agency has been given a job on the recruitment panel of Elon Musk’s new US authorities division: the Division for Authorities Effectivity (DOGE). Andreessen has been given the mandate to appoint potential candidates to strengthen Musk’s crew.

Marc Andreessen, a number one determine in Silicon Valley and co-founder of enterprise capital agency Andreessen Horowitz, is actively concerned in recruiting for the brand new DOGE department of the US authorities. This unit, led by Tesla CEO Elon Musk, will likely be established underneath the authority of the brand new administration of Donald Trump.

Regardless of not holding an official place at DOGE, Andreessen has performed an important function in figuring out and recommending candidates to the advisory physique. In accordance with a report by the Monetary Occasions, he has used his intensive community to introduce potential workers and facilitate job interviews as DOGE begins operations.

Horowitz desires to strengthen ties between Silicon Valley and the White Home

In mid-November, the Division for Authorities Effectivity posted a message on its X account urging potential candidates to use by sending their resumes.

Supply:

Though the open name attracted a number of purposes, Marc Andreessen is now reportedly specializing in recruiting high-level candidates fairly than reviewing the inflow of CVs submitted by hopeful candidates, as reported by the Monetary Occasions.

Andreessen, alongside along with his Andreessen Horowitz co-founder Ben Horowitz, made headlines in July by endorsing Donald Trump, marking a big departure from Silicon Valley’s historically Democratic leanings. Whereas the latter shifted his help to Kamala Harris, Andreessen maintained his help for Trump and has been described as an influential determine inside the newly elected president’s inside circle.

READ  Elon Musk goes after Pennsylvania’s Senator over D.O.G.E and ‘ALIVE’ taxpayers money

“He spends plenty of time at Mar-a-Lago,” famous a supply conversant in the matter, referring to Trump’s property in Florida.

Andreessen’s public statements and X-posts carefully match these of Elon Musk. He has criticized sure synthetic intelligence firms for being overly “woke” and accused platforms like Google’s YouTube of censoring American voices.

Throughout Trump’s presidential rally, Andreessen co-founder Horowitz was very vocal in his pro-Bitcoin stance, contributing $50,000 to an AI bot often known as the “Reality Terminal” on X. True to his tech-savvy status , Silicon Valley titan and Andreessen co-founder Horowitz made the donation in Bitcoin.

A screenshot of a tweet from Marc Andressen donating $50,000

Supply:

Andreessen’s current controversy over ‘debanking’ discussions

Andreessen’s involvement with DOGE comes amid heightened scrutiny over his current feedback about “debanking” practices concentrating on the expertise and cryptocurrency sectors. Throughout a podcast interview with Joe Rogan, Andreessen claimed that greater than thirty tech and crypto founders have been secretly bankrolled throughout President Joe Biden’s administration.

He linked these actions to what he known as “Operation Chokepoint 2.0,” claiming they mirrored a controversial Obama-era initiative designed to chop off monetary providers to industries thought-about high-risk. Andreessen argued that the Biden administration framed cryptocurrency firms as politically unfavorable, forcing affected founders to depend on money or search for accommodating banks.

His claims instantly caught the eye of the expertise and crypto neighborhood, with executives equivalent to Coinbase CEO Brian Armstrong confirming his claims. Commenting on X, Armstrong pointed to policymakers like Senator Elizabeth Warren and SEC Chairman Gary Gensler as main obstacles to the cryptocurrency trade.

Elon Musk, who shared Andreessen’s podcast clip on X, has amplified discussions on these points. Coinbase Chief Authorized Officer Paul Grewal accused monetary regulators of utilizing their authority to hinder the digital property trade with out establishing clear tips.

Paul Grewal's post about X

Supply:

“The SEC has claimed sweeping authority however refuses to offer guidelines, not to mention constant or coherent guidelines” mentioned Grewal.

READ  OFAC keeps developers in the crosshairs despite Tornado Cash delisting

A step-by-step system to launch your Web3 profession and land high-paying crypto jobs in 90 days.

Adoption

Adoption3 days ago

BlackRock raises Bitcoin exposure by 38% in its $17.1 billion Global Allocation Fund

Credit : cryptoslate.com The worldwide allocation fund of BlackRock elevated its participations within the Bitcoin ETF (IBIT) place by 38.4%...

Adoption3 days ago

BlackRock launches Bitcoin premium ETF

Credit : cryptoslate.com BlackRock is increasing its push to Bitcoin with a brand new fund designed to vary the volatility...

Adoption3 days ago

Citi raises stablecoin market projection to $1.9 trillion by 2030 despite low institutional maturity

Credit : cryptoslate.com Citigroup revised the Stablecoin market predicted to $ 1.9 trillion by 2030, however warned that institutional acceptance...

Adoption4 days ago

Stablecoin market hits record $300 billion in 2025 surge

Credit : cryptoslate.com The Stablecoin market has risen to a report excessive and the milestone of $ 300 billion has...

Adoption4 days ago

How Naver and Dunamu could reshape South Korea’s crypto landscape

Credit : cryptoslate.com Naver Monetary, the fintech arm of the biggest search engine in South Korea, weighs a possible share-swap...

Adoption5 days ago

Who benefits most from new global superpower deal to revamp Bitcoin market within 6 months?

Credit : cryptoslate.com Two monetary super power have agreed to a groundbreaking deal that can rewrite Bitcoin and Crypto market...

Adoption5 days ago

Bitcoin becomes a macroeconomic asset as countries race to ramp up adoption

Credit : cryptoslate.com The acceptance of Bitcoin (BTC) is rising between international locations, by which 32 international locations actively pursue...

Adoption6 days ago

Hashdex files to add SOL, ADA, XRP to crypto index ETF under new SEC standards

Credit : cryptoslate.com Hashdex has submitted to the SEC to develop its Nasdaq Crypto Index US ETF outdoors of Bitcoin...

Trending