The PEP part of the Rogan interview was when I understood Andreessen was most likely bullshitting.
Funny how this is not clearly stated, most likely because of who Andreessen is.
I wonder why Andreessen needs to use disinformation to shape opinion if the actual problem is so bad? I find it very unlikely that he does not know how PEP actually works.
It is so demonstrably false. Anyone who has worked in an finance adjacent industry likely knows the definition of a PEP.
Seems to me that he has crypto-related goals but involves more people to gain political support.
The OP article's last paragraphs make it quite clear IMO.
people were debanked, this is a fact. it was also a viewpoint from the left-wing establishment, spearheaded by elizabeth warren, that crypto should basically be blocked from operating in the us
the biden administration was going after their political opponents in many ways (prosecutions of trump and his lawyer, targeting multiple of elon's companies & the delaware courts going after his salary, peter navarro not being allowed executive privilege, eithan heim intimidation and prosecution for whistleblowing trans surgeries on children), this is also a fact
whether they used the PEP terminology selectively, or didn't use it at all, is sort of missing the point. there's a political persecution going on the background and the debanking, which was 100% happening and should not be, was done on a purely political basis. the entire process of debanking was basically invented for political reasons so they could debank gun manufacturers. there's nothing non-political about this
does your entire argument hinge around the definition of a pep? i really don't care. wanting to stop people from getting debanked is a legitimate cause and you're making really weird comments while trying to pretend that you're not arguing the opposite
