a16z ditches UK crypto plans, backs Trump’s pro-crypto vibes, shifting focus to U.S. as Bitcoin hits $109K.
Silicon Valley’s Andreessen Horowitz (a16z) is switching things up, pulling back on UK crypto moves and turning its focus to the U.S. Why? Trump’s back in the White House, and his pro-crypto stance has the industry buzzing. His administration’s new executive order pushes digital assets and hints at creating a national crypto reserve.
a16z, which opened its first international office in London back in 2023, is now scaling down operations there. The firm’s founders, Marc Andreessen and Ben Horowitz, are riding the Trump train, even advising on policies. Meanwhile, Sriram Krishnan, who used to lead a16z’s London game, joined Trump’s squad last year.
Trump’s return as the 47th president has brought big crypto energy, with promises of lighter regulations and a focus on innovation. Binance’s CZ even tweeted that the U.S. is back in the game, forcing other countries to step up. Bitcoin felt the hype, skyrocketing to $109K on inauguration day—its highest ever.
Though a16z might still back UK projects from across the pond, their local presence was never major. With $43B in assets, they’ve supported names like Arweave and Aztec, but now it’s all about chasing U.S. crypto dreams.
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