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Andreessen Horowitz (a16z) Plans to Withdraw from UK Crypto Industry
Andreessen Horowitz (a16z) Plans to Withdraw from UK Crypto Industry
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Andreessen Horowitz (a16z) has announced its decision to close its London office and refocus its efforts on the US cryptocurrency market following the re-election of President Donald Trump. The firm initially expanded to the UK in 2023, opening its first office outside the United States, as the US was increasing regulatory pressure on digital assets. During its time in the UK, a16z invested in several UK-based crypto companies, including Arweave and Aztec. Sriram Krishnan, who led the UK effort, stepped away from his role last year. This move marks a16z as the latest company to re-evaluate its position and strategy in the evolving crypto landscape.
