On Joe Rogan's podcast, Marc Andreessen criticizes the “raw administrative power” of US agencies like the CFPB, SEC, and FTC, talks Elon Musk and DOGE, and more

- Marc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast.

Business Insider 2024-11-28 Ana Altchek

Context & Ripple Effects

Andreessen and Ben Horowitz had already tied their political support to a view that regulation disadvantages startups, making this appearance a continuation of a public deregulatory argument rather than an isolated media remark. Their earlier case for backing Trump explicitly connected startup policy and crypto to that stance.

The comments also arrived as reporting identified Andreessen as a talent-networking figure around DOGE. His reported role in DOGE recruitment gives his critique of financial and competition regulators added relevance to the policy agenda being assembled.

First-order effects

Andreessen publicly concentrates criticism on the CFPB, SEC, and FTC, reinforcing a deregulatory frame around agencies central to consumer-finance, securities, and competition oversight.
DOGE gains a prominent technology-investor voice articulating why reductions in administrative authority should be a priority, even though the appearance itself changes no agency policy.

Second-order effects

Startups, investors, and regulated technology firms receive a clearer signal that policy debates around DOGE may focus on enforcement discretion and agency scope, not solely government spending.
The CFPB, SEC, and FTC become more visible political targets; their enforcement choices can attract greater scrutiny from opponents who characterize oversight as a barrier to innovation.

Third-order effects

If this alignment between influential investors, political advocacy, and government-efficiency efforts persists, technology policy could increasingly be contested through the size and authority of regulators rather than only through sector-specific rules.
That shift would make the durability of oversight more dependent on political coalitions and administrative priorities, creating uncertainty for companies planning against long-lived enforcement expectations.

The trend: This is one instance of Silicon Valley investors translating a pro-innovation, anti-administrative-state critique into direct engagement with a prospective deregulation agenda.

Discussion

@carnage4life.bsky.social Dare Obasanjo on bluesky
Marc Andreessen joined Joe Rogan's podcast to back Elon Musk's Department of Government Efficiency (DOGE), arguing: — • Agencies like the SEC, CFPB and FTC wield excessive power. — • Taxes need to be lowered. — • Too many federal workers are remote. — The billionaire empi…
@darrencohen.me Darren Cohen on bluesky
This is the whole game for them.... they want to break government so there are no rules. [embedded post]
@brian_armstrong Brian Armstrong on x
Can confirm this is true. It was one of the most unethical and un-American things that happened in the Biden administration, and my guess is we'll find Elizabeth Warren's fingerprints all over it (Biden himself was probably unaware). We're still collecting documents via FOIA
@elonmusk Elon Musk on x
Did you know that 30 tech founders were secretly debanked?
@saikatc Saikat Chakrabarti on x
It's honestly terrifying when extremely powerful people who specifically work in fintech are spouting conspiracy theories like this because it gives them so much legitimacy. First off, PEP refers specifically to foreign individuals. And I cannot find ANY banking regulation, and
@caitlinlong_ Caitlin Long on x
@elonmusk Yes—debanked repeatedly, in my company's case (@custodiabank). Keep an eye on our pending lawsuit against the Fed. Oral argument is scheduled for Jan 21 (the day after Inauguration Day)
@andrewe Andrew Escobar on x
Your facts are wrong and the criticism they fuel are misplaced, @pmarca. 1. A politically exposed person is “exposed” because their position in a government, judiciary, military, etc; which poses a higher risk for corruption. This has *nothing* to do with anyone's political [vide…
@lukewgoldstein Luke Goldstein on x
can't stand what tremendous liars and thieves these people are. Andreessen is invested is several fintech players under litigation by CFPB for scamming consumers so he's just lying about their record on “debanking” to gin up rightoids
@rstormsf Roman Storm on x
Marc Andreseen (@pmarca): “Every crypto founder, every crypto startup they either got: - debanked personally ✅ - company got debanked ✅ - got prosecuted/charged ✅ ” Yeap. That's my reality. [video]
@elonmusk Elon Musk on x
@dorajfacundo @pmarca Delete CFPB. There are too many duplicative regulatory agencies.
@mehdirhasan Mehdi Hasan on x
Almost nothing Andreesen says here is true. The CFPB has been backed by the Supreme Court and has saved billions for US consumers. And it's sad to see ‘populist’ ex-Bernie backer Joe Rogan just credulously swallowing up this billionaire's self-serving, anti-regulation propaganda.
@rob_weissman Robert Weissman on x
Do your research. (Or ask your AI to do it.) The CFPB has returned almost $20 billion to consumers from wrongdoing banks and financial corporations. CFPB is a model of efficiency and cost-effectiveness.
@arrington @arrington on x
Marc Andreessen @pmarca on JRE was absolute 🔥. The man is so fundamentally optimistic. And he's quite willing to change his mind over time - his story of going from horrified and confused that Trump won in 2016 to why he supports him now is so obviously genuine. True national
@eladgil Elad Gil on x
Worth watching full @joerogan w @pmarca Great tidbits on *Whole bunch of stuff (society, media etc) *AI *Founder debanking by govt *DOGE / Govt Efficiency https://www.youtube.com/...
@basedbeffjezos @basedbeffjezos on x
This country was founded by anon shitposters
@davidsacks David Sacks on x
This is true. @reidhoffman and @sama worked closely with the Biden-Harris White House on AI regulatory capture. ClosedAI lost the election.
@campbelljaustin Austin Campbell on x
Read the entire thread. There is perhaps no more important issue facing us for the next administration, and ending the political weaponization of banking regulators is something all Americans can rally behind. As @nic__carter raises in this piece, it has been two Democratic
@walterkirn Walter Kirn on x
This confirms my conjecture on @AmericaWeek with @mtaibbi that control of AI was a huge part of this election & the reason certain tech folks got so involved in it I'm enormously relieved that things turned out as they did
@qwqiao @qwqiao on x
marc andreessen said on joe rogan that 30 tech founders were debanked by the biden admin let me tell u this, the number of @alliancedao alum alone that got debanked was >30 the total number of tech founders in the us that got debanked was likely *orders of magnitude* higher
@basedtorba Andrew Torba on x
Yes, I was one of them. [image]
@robblackwellab Rob Blackwell on x
Elon Musk weighing in on a banking issue. Needless to say, many bankers would be more than happy for him to recommend eliminating the CFPB.
@banklesshq @banklesshq on x
You don't hate banks enough. They have debanked >30 projects in our industry They reject mortgage applications from founders in our industry They are currently running Operation Chokepoint 2.0 In an era where we're trying going Bankless, what happens when a bank wants less of [im…
@freddyriz Fred Rispoli on x
@Austen So everyone knows, Marc was FULLY okay using federal agencies to attack his company's competitors. As one example, an SEC director filed a major lawsuit against one of his investment's main competitor and then quit the SEC. Marc hired him shortly thereafter.
@fscdems @fscdems on x
Defend @CFPB. There are too many duplicative scammers ripping off consumers.
@alexh_johnson Alex Johnson on x
FFS. None of this is correct. The CFPB is the most pro-competition federal banking regulator. Relative to its treatment of incumbents, it's a friend to “little tech”. To the extent that debanking is a real thing, the CFPB has nothing to do with it. And it doesn't happen to
@nic__carter Nic Carter on x
So the whole tech world is learning about OCP2.0 today via pmarca on Rogan. What happened exactly? For those curious, let's dig into OCP as it pertained to crypto. Quick thread
@senkatiebritt Senator Katie Boyd Britt on x
CFPB is a repeat offender and no friend of American consumers. A true regulatory nightmare that's abusing its power based on politics. I've said it once, and I'll say it again & again until it is fixed.
@dorajfacundo Jarod Facundo on x
I have no clue what @pmarca is referring to bc literally just a few months ago at a FedSoc event, CFPB director Chopra warned the audience of Wall Street debanking conservatives without explanation. [image]
@aaronjbkofsky Aaron J.B. Kofsky on x
@nic__carter ... Dude. I've repeatedly expressed concern about debanking of crypto, along with every other industry. I really don't understand what you're on about. I've written legislation to stop it. What we're saying is that you guys are wrong, the @CFPB isn't behind the deban…
@pmarca Marc Andreessen on x
Big Tech spent a decade doing everything possible to be the best conceivable progressive ally. They got treated with utter contempt, pounded daily, crucified in return. A full rethinking is required. [image]
@basedtorba Andrew Torba on x
🧵OPERATION CHOKEPOINT: How Gab Was Debanked in 2021 Yesterday venture capitalist Marc Andreessen highlighted Operation Chokepoint 2.0 on Joe Rogan's show. He noted how 30 tech founders were targeted and debanked by the Biden administration for purely political purposes, I was [vi…
@donaldjtrumpjr Donald Trump Jr on x
Andreessen is 100% right because he's willing to look at the chess board and not lie about what's obviously going on. Check him out! @pmarca
@pmarca Marc Andreessen on x
There are banking regulations and then there are banking “regulations”. We live under the latter. An unconstitutional conjoining of state and private power. And, I believe, prosecutable. Conspiracy to deny rights with no due process.
@joeykrug Joey Krug on x
Retweet or quote tweet this if you've ever been de-banked because you own crypto or are in crypto! I have, multiple times, whether it's banks refusing to open you an account because of crypto, closing your account because of crypto, etc
@helaineolen Helaine Olen on x
There's a reason Silicon Valley investors hate the CFPB & it's not because it's terrorizing Americans. Just the opposite. They hate the CFPB because it goes after fintechs that rip people off —fintechs people like Marc Andreesen are invested in. Don't be gullible.
@aaronjbkofsky Aaron J.B. Kofsky on x
@nic__carter ... The @CFPB fills a very different role from the bank regulators. Now we can argue if they should have the role they do, but that's an entirely separate conversation from this. CFPB supervisors that look at banks monitor for different things, and have a completely …
@matthewstoller Matt Stoller on x
6. Simple. Andreesen backed scammers caught by the CFPB for stealing. “LendUp was backed by some of the biggest names in venture capital,” said Chopra. “We are shuttering the lending operations of this fintech for repeatedly lying and illegally cheating its customers.” [image]
@growing_daniel Daniel on x
Guys I don't like this. Can I get names on who this happened to? Is there a huge techcrunch article about this or something
@matthewstoller Matt Stoller on x
1. There's a fascinating dynamic among Trumpy venture capitalists trying to manipulate the right-wing for their own purposes. For example, here's vc Marc Andreesen saying the Consumer Financial Protection Bureau forces conservatives to lose their bank accounts.
@danprimack Dan Primack on x
@bgurley Yet VCs kept spreading money to tons of AI upstarts. Or even Biden/openai hostile ones like xAI. How do you square the circle?
@econliberties @econliberties on x
This couldn't be more false—@CFPB firmly opposed debanking and has taken measures to stop it. The real reason @pmarca, @elonmusk & other tech oligarchs are attacking this agency is because it has protected consumers against scams they've profited from. Receipts.🧵👇
@yongfook Jon Yongfook on x
The Marc Andreessen / Joe Rogan podcast is one of the most fascinating pieces of content I've watched in a long time. Worth setting aside time for ✅
@chrisvanhollen Senator Chris Van Hollen on x
The @CFPB has returned over $20B to consumers who've been victims of shady financial schemes & abusive practices. ‘Deleting’ it would not make government more efficient — it would just make it easier for big money interests to line their pockets while ripping off working people.
@johnedeaton1 John E Deaton on x
I hope @pmarca @brian_armstrong @bgarlinghouse and other convince the new administration to truly investigate Chokepoint 2.0, including any role by the CFPB. We all know @ewarren's fingerprints are all over it. I hope the House Financial Services Committee or IG use its subpoena
@nick_pennie Nick on x
bank just rejected my mortgage (after already approving) because.. I work in crypto? truly impressed with this level of brain damage - even the down payment funds are in fiat thanks @scotiabank, can't wait to provide RPCs to the next-gen banks that put you out of business
@nic__carter Nic Carter on x
Marc Andreessen just blasted the Overton window wide open. Blew the hinges off
@elonmusk Elon Musk on x
This is super messed up!
@public_citizen @public_citizen on x
Hey @joerogan, this is nonsense! The @CFPB has returned almost $20 billion to consumers cheated by bank and financial corporate wrongdoing. We fight of the interests of everyday people, not billionaires & corporations. This is important, & you should have us on to discuss.
@aridavidpaul Ari Paul on x
@cameronmattis ... I'm pretty skeptical of anti-Biden propaganda coming in this form, but I believe it. That matches Biden admins public statements and signalling on AI regulation.
@vivekgramaswamy Vivek Ramaswamy on x
This is how the deep state works: when they can't censor your speech or freeze your financial transactions directly, they pressure private companies that they regulate to do it through the back door instead. This is called fascism. The only right answer: SHUT IT DOWN.
@thezvi Zvi Mowshowitz on x
How do I put it - is there any chance, or evidence, at all, that this actually happened?
@bgurley Bill Gurley on x
@danprimack I see no square or circle. We actively fought this back-room effort with transparency and open communication. Which has resulted in positive progress. Remember, the loudest voice begging for regulation and suggesting their technology is “very dangerous” are the ones r…
@prestonjbyrne Preston Byrne on x
This is 100% true. I know firsthand of several occasions where feds have strongly nudged banks to boot companies b/c of politics. You only hear about it when the bank has the spine to tell the bank examiners to fuck off. If they don't, you just get your account closed.
@benaverbook Ben Averbook on x
On a new episode of JRE: Marc Andreessen (@pmarca) dives into secret debanking of tech founders, AI control plans, and remote workers gaming the system. Nothing was off limits, from food policy to Silicon Valley's civil war. Let me save you 3 hours: 🧵 [image]
@amasad Amjad Masad on x
With control over key choke points — payment rails, SWIFT, etc — the US weaponized the post-Cold War financial system against adversaries. More recently, the government started indirectly applying the same tactics against citizens, which is what @pmarca is talking about. A
@aarondklein Aaron Klein on x
Before @CFPB the @federalreserve was supposed to enforce consumer protection. Congress required the Fed to regulate subprime mortgages in 1994 under HOPEA. Greenspan's Fed refused believing the market would regulate itself. Those who don't know history are doomed to repeat it.
@repgreglandsman Congressman Greg Landsman on x
Another example of the super wealthy attempting to seize more of our power and wealth. This only ends when politicians stand up to the billionaires & big corporations. Trump is proving to be more of the status quo. No change— and likely worse for workers, families.
@cernovich @cernovich on x
Sam Altman (demon worshiper) wanted a monopoly on AI, protected by the Biden regime.
@benswann_ Ben Swann on x
Software engineer and businessman Mark Andreessen told Joe Rogan about how roughly 30 tech company founders have been debanked by the Biden administration. It's called Operation Chokepoint, and it began in the U.S. due to the prohibition against cannabis. [video]
@dylangyauchl Dylan Gyauch-Lewis on x
Worst part of this is that the CFPB is uniquely not duplicative. Under Dodd-Frank, after the CFPB was created, many (maybe most?) existing consumer finreg protection rules were ported over from other agencies. if you delete the CFPB, it could actually take out most of that too
@palmerluckey Palmer Luckey on x
@brian_armstrong “Biden himself was probably unaware” Statement is true in general
@davidsegalri David Segal on x
Here's even *Breitbart* praising the CFPB's debanking work. @joerogan should have Chopra on to rebut @pmarca's totally false claims on this issue, which are literally and quite obviously the opposite of reality. [image]
@growing_daniel Daniel on x
In a state of delirium last night I think I saw a clip where @pmarca told Joe Rogan a bunch of crypto founders got personally debanked. Did I see this? Did he say that?
@bgurley Bill Gurley on x
The most well-funded players in the AI space (& their investors) mounted a SBF level lobbying effort to try & “pull up the ladder” i.e. keep the market for themselves. Hopefully, new administration will recognize & avoid their input in new considerations. https://www.politico.com…
@ryangrim Ryan Grim on x
This is a test for MAGA types and the populist right to see whether they allow themselves to be lied to flagrantly by elites trying to manipulate them. The CFPB put out a legitimately good rule that went after banks over debanking users based on political views. Yes, a populist
@womandefiner Paul on x
Marc Andreesen on Elizabeth Warrens agency CFPB which has spent the last 4 years terrorizing people via debanking. This is going to be a 3 part thread. [video]
@lhfang Lee Fang on x
The CFPB has loudly opposed debanking, why is Andreesen saying this? Where's the evidence? Left unmentioned in this screed is the fact the CFPB has investigated Andreesen backed startups for scamming people, not political speech. Debanking comes from the FBI and DHS, not CFPB
@lhfang Lee Fang on x
There's a huge issue re debanking. We saw anti-Covid mandate truckers losing access to bank accounts over activism, pro-Palestinian orgs losing access to Venmo, etc. But now predatory lenders & scammers are conflating consumer protection w/ “debanking” to call for deregulation.
@geiger_capital @geiger_capital on x
This is insane... Marc Andreessen on how the Biden Administration wanted to control AI with government regulatory capture, blocking free markets similar to the CCP. ROGAN: “When you leave a meeting like that, what do you do?” ANDREESSEN: “You endorse Donald Trump.” [video]
@austen Austen Allred on x
The entirety of the Joe Rogan <> Marc Andreeseen podcast is fascinating, but please, please listen to this part. The abuse of power within unaccountable (and arguably unconstitutional) federal agencies has become so extreme the stories are almost unbelievable. [video]
@autismcapital @autismcapital on x
🚨MARC ANDREESSEN: “We had meetings with the Biden admin where they told us to not even start AI companies because there's no way they'll let them succeed.” JOR ROGAN: “What do you do after a meeting like that?” MARC ANDREESSEN: “You go endorse Donald Trump.” LMAO!!! 😂🔥🔥🔥 [video]
r/JoeRogan r on reddit
Joe Rogan Experience #2234 - Marc Andreessen

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