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#a16z

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I’ve been talking about the connections between the #Netanyahu family and some of the sketchiest characters in the crypto industry (esp. #Tether co-founder #BrockPierce) for years so I was glad to see #UdiLevy, the former head of #Mossad's economic unit #Tzalsel, starting to ask the same questions of #Qatargate.

Among other things Netanyahu's niece is a part owner of #Bancor, a defi lending platform that imploded in 2022 in hilarious fashion.

Re: #AryehDeri, the man who triggered the mass protests in Israel in 2023, Deri was seen at the groundbreaking for #BrixSoftware, major vendor for #CrossRiverBank, the single largest purveyor of covid relief fraud in the US. CRB received massive investment from #MarcAndreessen's #a16z, both before and after a massive “investment” from a Malaysian police chief who somehow had hundreds of millions of dollars to invest after he “investigated” the #1MDB fraud.

more: cryptadamus.substack.com/p/eri

#Qatar#uspol#israel

another day, another AI scam backed by #MarcAndreessen's #a16z.

> "TechCrunch learned that multiple companies with logos on #11x's website were not actual customers and that at least one is threatening legal action over it.”

When a company lies about something so public and so easily verifiable it begs the question: what else are they lying about?

Andreessen is running #DOGE with #ElonMusk. These are the kind of people who run the US government now.

techcrunch.com/2025/03/24/a16z

TechCrunch · a16z- and Benchmark-backed 11x has been claiming customers it doesn’t have | TechCrunchLast year, AI-powered sales automation startup 11x appeared to be on an explosive growth trajectory. However, nearly two dozen sources — including

New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."

* American Banker: americanbanker.com/news/new-pa
* Paper: chicagofed.org/publications/wo

shocking allegations that #Passes, a social media platform run by Thiel Fellow #LucyGuo and funded by crypto bros, was basically #OnlyFans but (wink wink) for minors...

Financial backers included #JakePaul, #ParisHilton, as well as multiple bros who are attending the White House Crypto Summit on Friday,(e.g. "crypto czar" #DavidSacks's #CraftVentures and Kyle Samani's #MulticoinCapital).

Xitter post by a founder who objected to her own company being acquired by such a deeply amoral organization: x.com/jasminericegirl/status/1

(Lucy Guo was also a Forbes 30 Under 30 person... lol)

tfw #SteveBannon keeps making great points:

> "Remember, #Zuckerberg and all these guys came out of graduate schools [and] they didn't have any money. The people that invest - it's all pension fund money. So it's Oregon State Pension Fund, it's #CalPERS, it's Alabama Teachers Fund. All of their money: this is the Greek tragedy part of this. The American working class and middle class have essentially, through their hard work and savings, paid for their own destruction. Your greatest strength was turned against you. Your ability to be a good householder, your ability to actually have something, your ability to pay your taxes on a regular basis and have a little something put away, that's what the venture capitalists and the hedge funds use to ship the jobs overseas and destroy, not only your own economics and your personal life but to make sure that your children and grandchildren essentially live like serfs"
open.spotify.com/episode/6fpoT

the meeting logs of #DavidSacks and #a16z's "Crypto Task Force" that is I guess now running american financial regulation via the #SEC contain many incredible things, but only a single meeting with anyone trying to advocate for the public interest (#BetterMarkets, who deserve a lot of credit for trying).

* SEC page: sec.gov/about/crypto-task-forc
* archived meeting notes: legacy.www.documentcloud.org/a

The #SEC has dropped charges against #MarcAndreessen / #a16z backed “decentralized exchange” and favored tool of money launderers the world over, #Uniswap.

Andreessen and the other members of the #NerdReich went for Trump specifically because the Biden administration (via the SEC, #CFTC etc) tried to enforce america’s laws against Uniswap and other crypto companies that a16z and Coinbase Ventures etc. were invested in.

This is regulatory capture on a scale we've never seen before.

* Uniswap tweet: x.com/Uniswap/status/189445229
* more on Uniswap usage by money launderers: universeodon.com/@cryptadamist

now that the $1.4 billion worth of crypto stolen from #Bybit is being laundered through #MarcAndreessen / #a16z’s Uniswap, I figured it would be a good time to repost this explanation of how the last massive pile of stolen crypto was also laundered through Marc Andreessen’s Uniswap.

tl;dr there are no incentives to dissuade north korea (or whoever) from laundering stolen crypto in a16z’s business model. in fact quite the opposite - a16z and Marc Andreessen massively profits from the popularity of its money laundering service.

cryptadamus.substack.com/p/of-

The Cryptocalypse Chronicles · Of Tech Bros And TrumpersBy Michel de Cryptadamus

brutal but entirely accurate review of Balaji's¹ book "The Network State" that is regarded as something of a blueprint for a future government by the #broligarchs currently running the country.

¹ Balaji is a crypto con artist who has also been a partner at Marc Andreessen's #a16z as well as CTO of #Coinbase.

davekarpf.substack.com/p/the-t

The Future, Now and Then · The Tech Barons have a blueprint drawn in crayon. They have not thought any of this through.By Dave Karpf

a bro from the largest american crypto VC firm #a16z is going to be running the #CFTC which in turn will be the agency "regulating" crypto now that the #SEC (also now run by crypto bros) has decided cryptocurrency is not a "security" (like a share of stock or a bond) but instead a "commodity" (like corn or pork bellies). which makes sense, as long as you don't think about it.

fun fact: the CFTC was the agency that regulated (and still regulates) financial derivatives and is more or less directly responsible for 2008's Great Financial Crisis and the Great Recession.

coindesk.com/policy/2025/02/11

CoinDesk · Trump to Tap Former CFTC Commissioner, a16z Policy Head Brian Quintenz for CFTC HeadQuintenz has been known for his crypto advocacy
Replied in thread

@daedalean @GhostOnTheHalfShell for all intents and purposes there are really only two #stablecoins:

1. USDT (Tether - ~70% of the market)
2. USDC (#Coinbase, technically through a company called Circle - ~25% of the market)

the rest are tiny.

USDC has actually done an audit or two and we know where the money is (it's in a blackrock trust). #Tether has been the subject of a lot of writing and speculation by me and many others for years now.

#KirstenGillibrand works for the Coinbase / #a16z / #Circle axis of crypto evil so this bill is basically creating rules that would push Tether USDT out of the US market.

Coinbase CEO has already made noise about how they will probably have to delist USDT. Circle CFO is on video saying that Tether is a counterfeiting operation.

(fun fact: Circle USDC was the largest depositor at #SiliconValleyBank and if SVB had been allowed to collapse and $3.2bn worth of USDC had died with it the entire crypto industry would have gone kaput.

Senator #KirstenGillibrand (D-NY) is basically a wholly owned subsidiary of #Coinbase, #a16z, and the rest of the US crypto industry (as this Op-Ed in CoinDesk makes abundantly clear).

Unfortunately she never got the memo about how the preferred nomenclature is now “#tokenization” and “RWAs” because “#Web3” just makes people think of monkey JPGs / #NFTs.

What’s really happening here is that Circle / Coinbase are trying to get the US Government to legislate #Tether out of their market. While I support this goal I don’t think legitimizing Circle’s #USDC - who are, if anything, worse about compliance than Tether - is good policy.

coindesk.com/opinion/2025/02/1

CoinDesk · Why We Need a Bipartisan Stablecoin Bill – GillibrandThe new Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act lays the groundwork for a new era of American exceptionalism, says Senator Kirsten Gillibrand, of New York.

another great (and very detailed) resource on the #debanking and "Operation Chokepoint 2.0" conspiracy theories being wielded against the #CFPB and #FDIC from #PatrickMcKenzie (Patio11).

#NathanMcCauley, the broligarch who runs "crypto bank" #AnchorageDigital, asked Patrick to retract the post. He refused.

* original post: bitsaboutmoney.com/archive/deb
* thread about the retraction request: x.com/patio11/status/188897370
* full story about retraction request rejection: kalzumeus.com/2025/02/10/retra