The Trump administration’s gutting of the Consumer Financial Protection Bureau has been good for venture capitalists like Andreessen, who previously accused the agency of “terrorizing” fintech startups and crypto companies.
For more than a decade, Silicon Valley venture capitalists have poured enormous sums of money into newfangled technology companies seeking to disrupt, and even supplant, the traditional financial system and sidestep its burdensome regulations.
At the same time, the Consumer Financial Protection Bureau has policed that effort, going after such businesses for deceiving, overcharging or otherwise taking advantage of their customers by enacting rules, filing lawsuits and shutting down the worst offenders.
This cat-and-mouse game has long rankled tech leaders, but it has

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