Tech Billionaire Marc Andreessen Bet Big on Trump. It’s Paying Off for Silicon Valley.

Tech billionaire flips with big bet on Trump — and the pay off is alarming

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 Burea...

Tech billionaire who bet big on Trump sees pay off for Silicon Valley

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…

Tech Billionaire Marc Andreessen Bet Big on Trump. It’s Paying Off for Silicon Valley.

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.

Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies

Jake Pearson / ProPublica: Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies  —  The Trump administration's gutting of the Consumer Financial Protection Bureau has been good for venture capitalists like Andreessen …