New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.

> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."

* American Banker: https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks
* Paper: https://www.chicagofed.org/publications/working-papers/2025/2025-04

Good clip going through #DOGE bro #MarcAndreessen's absurd lies regarding #debanking and the #CFPB as he attempts to convince #JoeRogan that financial regulation should be abolished.

https://www.youtube.com/watch?v=FML74J7HZJs

shocking allegations that #Passes, a social media platform run by Thiel Fellow #LucyGuo and funded by crypto bros, was basically #OnlyFans but (wink wink) for minors...

Financial backers included #JakePaul, #ParisHilton, as well as multiple bros who are attending the White House Crypto Summit on Friday,(e.g. "crypto czar" #DavidSacks's #CraftVentures and Kyle Samani's #MulticoinCapital).

Xitter post by a founder who objected to her own company being acquired by such a deeply amoral organization: https://x.com/jasminericegirl/status/1895947481764286567

(Lucy Guo was also a Forbes 30 Under 30 person... lol)

tfw #SteveBannon keeps making great points:

> "Remember, #Zuckerberg and all these guys came out of graduate schools [and] they didn't have any money. The people that invest - it's all pension fund money. So it's Oregon State Pension Fund, it's #CalPERS, it's Alabama Teachers Fund. All of their money: this is the Greek tragedy part of this. The American working class and middle class have essentially, through their hard work and savings, paid for their own destruction. Your greatest strength was turned against you. Your ability to be a good householder, your ability to actually have something, your ability to pay your taxes on a regular basis and have a little something put away, that's what the venture capitalists and the hedge funds use to ship the jobs overseas and destroy, not only your own economics and your personal life but to make sure that your children and grandchildren essentially live like serfs"
https://open.spotify.com/episode/6fpoT7EWVzejpSlBgRHioq

Former chair of the US House Financial Services Committee #PatrickMcHenry just got hired by #MarcAndreessen’s #a16z.

#Broligarchy revolving door so bright you gotta wear shades.

the meeting logs of #DavidSacks and #a16z's "Crypto Task Force" that is I guess now running american financial regulation via the #SEC contain many incredible things, but only a single meeting with anyone trying to advocate for the public interest (#BetterMarkets, who deserve a lot of credit for trying).

* SEC page: https://www.sec.gov/about/crypto-task-force/crypto-task-force-meeting-logs
* archived meeting notes: https://legacy.www.documentcloud.org/app?q=%2Btag%3A%22crypto%20task%20force%22

The #SEC has dropped charges against #MarcAndreessen / #a16z backed “decentralized exchange” and favored tool of money launderers the world over, #Uniswap.

Andreessen and the other members of the #NerdReich went for Trump specifically because the Biden administration (via the SEC, #CFTC etc) tried to enforce america’s laws against Uniswap and other crypto companies that a16z and Coinbase Ventures etc. were invested in.

This is regulatory capture on a scale we've never seen before.

* Uniswap tweet: https://x.com/Uniswap/status/1894452298698358989
* more on Uniswap usage by money launderers: https://universeodon.com/@cryptadamist/112972939274517315

live look at #a16z’s #MarcAndreessen after killing off the Consumer Financial Protection Bureau (#CFPB), making sure americans will be paying extortionate junk fees and usurious interest rates on payday loans in addition to having zero protection from crypto scams:

now that the $1.4 billion worth of crypto stolen from #Bybit is being laundered through #MarcAndreessen / #a16z’s Uniswap, I figured it would be a good time to repost this explanation of how the last massive pile of stolen crypto was also laundered through Marc Andreessen’s Uniswap.

tl;dr there are no incentives to dissuade north korea (or whoever) from laundering stolen crypto in a16z’s business model. in fact quite the opposite - a16z and Marc Andreessen massively profits from the popularity of its money laundering service.

https://cryptadamus.substack.com/p/of-tech-bros-and-trumpers

brutal but entirely accurate review of Balaji's¹ book "The Network State" that is regarded as something of a blueprint for a future government by the #broligarchs currently running the country.

¹ Balaji is a crypto con artist who has also been a partner at Marc Andreessen's #a16z as well as CTO of #Coinbase.

https://davekarpf.substack.com/p/the-tech-barons-have-a-blueprint