What is “debunking” and why is Marc Andreessen and Silicon Valley talking about it?

The bank account banning claims first gained attention amid the Biden administration’s crackdown on the cryptocurrency industry.

Venture capitalist Marc Andreessen’s recent appearance on the podcast The Joe Rogan Experience introduced many people to the concept of debunking. Essentially, this is when a bank account is closed by the bank rather than the customer. But the tech billionaire said in a podcast that debanking is a “privatized sanctions regime” that targets unpopular political groups, particularly conservatives and cryptocurrency and fintech founders. he said, turning the topic into a political cudgel.