a16z Crypto Exits the UK to Refocus on US Market Under Trump
Andreessen Horowitz (A16Z) decided to close its London office, abandon its well -known British expansion, and focus on the US cryptocurrency market.
The company’s decision is largely based on the regulatory operations of cryptocurrencies formulated by the Donald Trump administration.
A16Z cryptocurrency will return to the US market
Venture capital company Entering the British market in 2023 There is the first office outside the United States. The motivation of this move was the huge pressure and suppression of cryptocurrencies in the last government.
However, the company has Knowledgeable Local entrepreneurs and policy makers will no longer invest a lot of resources in the area. Its London office will be completely closed.
Sriram Krishnan, a partner who was initially appointed by British initiative, resigned from his position in London last year. Recently, he joined Trump administrationEssence
In addition, the company’s founder Marc Andreessen and Ben Horowitz also maintained consistent with Trump and provided suggestions on technical policies.
“Given the strong policy momentum of the new government, we choose to focus on the United States, so we will close our British office. This has not changed our confidence in the growing role of Britain in the field of cryptocurrencies and blockchain. We will Continue to invest in great entrepreneurs, no matter where they are in the world, including the United Kingdom. ” Write Anthony Albanese, A16Z Crypto Chief Operating Officer.
The decision was made after the president Trump signed his first administrative order related to cryptocurrency yesterday. The command set up a new working group for the digital asset market. The working group will also evaluate the potential scope of the creation of national digital asset reserves.
At the same time, the US Securities and Exchange Commission (SEC) Rejected its controversial SAB 121 policyMake it easier for banks to host Bitcoin.
The movement of these mainly supports cryptocurrencies in the first week of the government seems to be the catalyst behind A16Z decided to focus on the United StatesEssence
Andreessen Horowitz opened two years ago, and London opened two years ago, causing widespread attention. At that time, the company managed a commitment capital of $ 43 billion, emphasizing its investment in the UK Cryptocurrency company For example, Arweave, Aztec and IMPROBABLE.
“As the United States has become more friendly to business again, other countries must work harder to maintain their business attraction. A16Z cuts the British cryptocurrency plan because it will focus on the opportunity of the Trump era.” Human CZ Write On X (previous Twitter).
The company is still actively participating in the formulation of a US cryptocurrency policy. November, A16z Crypto promised to invest 23 million US dollars to Fairshake PAC Support the efforts of the two parties to supervise cryptocurrency supervision before the mid -2026 election.
As early as April 2024, A16Z announced that it would provide $ 7.2 billion in funds for technology investmentIncluding games and infrastructure. By launching a special game fund, this highlights its increasing attention to the game industry.
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