Former Congressmen from North Carolina Patrick Mchenry announced Wednesday that he went to VC Andreessen Horowitz. He shall be a senior advisor.
His post on X said little about what the work entails, except for the startups (which A16z likes to call “little tech”) with decision -makers. Andreessen Horowitz didn’t immediately answer to the request for comment.
He spent 20 years in Congress before retiring in January. As the chairman of the Committee for Financial Services, House was perhaps the best known for dressing and then chairman Sec Gary Gensler.
Gensler became especially Boogeyman in the world of cryptocurrencies, filing lawsuits against cryptocurrency exchanges such as Coinbase and threatening to sue others, such as Robinhood. The current SEC is busy with giving up these suits and investigations.
“Under the chairman of Gensler Sec became a dishonest agency,” said Mchenry During the trial in Septemberaccusing the chairman of SEC of “regulation by enforcing the law”.
Meanwhile, A16Z, which collected $ 7.6 billion in funds dedicated to cryptographic television/WEB3 since 2022, has recently been based on politics and the government. At the starting of this month, Brian Quintenz, who manages the policy of the A16Z cryptographic team, said he was appointed to administer the Commodity Futures Trading Commission (CFTC).
In addition, Sriram Krishnan, a former A16Z generalizer, is also a senior adviser to the White House policy; Scott Kupor, one of the company management partners, was used to drive Personnel management office; And Jamie Sullivan, one other investor in the company, is It is said to advise DOSE.
Andreessen Horowitz Development American Practice dynamism, which supports startups in the field of defense and government technology, also employs a lot, recently adding former Marine Daniel Penny as an investor.