Marc Andreessen—Lobbied to dismantle CFPB while firm had billions in crypto investments under its jurisdiction
Marc Andreessen actively lobbied against the Consumer Financial Protection Bureau (CFPB) while his firm Andreessen Horowitz had over $7 billion in crypto funds under CFPB jurisdiction. On the Joe Rogan podcast in November 2024, he called the CFPB an agency that exists to 'terrorize finance' and prevent fintech competition. The Trump administration subsequently hollowed out the CFPB. ProPublica documented that Andreessen-funded company Dwolla had been sanctioned by the CFPB in 2016 for deceiving consumers about data security.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Consumer Protection | -against | primary | -1.00 |
| Corporate Governance | -against | secondary | -0.50 |
| Deceptive Lobbying | +toward | primary | -1.00 |
| Overall incident score = | -0.828 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.66)
Evidence (2 signals)
ProPublica documented Andreessen's financial interests in dismantling CFPB
ProPublica investigation revealed that Andreessen Horowitz told the CFPB it planned to put more than $7 billion in crypto funds, while Andreessen simultaneously lobbied to gut the agency. The report also documented that Andreessen-funded Dwolla was sanctioned by CFPB in 2016 for deceiving consumers.
Andreessen called CFPB an agency that exists to 'terrorize finance' on Joe Rogan podcast
On the Joe Rogan Experience in November 2024, Andreessen called the CFPB an agency that exists to 'terrorize finance, terrorize financial institutions, prevent fintech, prevent new competition' while his firm had billions in crypto investments under CFPB jurisdiction.