In 2023, the American Corpress Currency Campaign at the Investment Capital caused Andrink Horwatz To look outside.
now, The company closes its office in the United Kingdom amid a new focus on the American encryption sector after the election of Donald TrumpAnd The Financial Times I mentioned Sunday (January 26).
The British office of the company, It was announced in 2023The first of which was outside the United States, focused on encryption amid organizational pressure in the United States
“We are enthusiastic about the enthusiasm of building encryption and its adoption in the United Kingdom and encourage it with recent positive policy advertisements and procedures. However, we have chosen the focus on the United States by looking at the strong political momentum of the new administration, and thus our office in the United Kingdom will close,” wrote Anthony Albaniz, the administrative director. Which helps to oversee the works of Andrien Horwitz, on X.
“This does not change our confidence in the UK’s increasing role in encryption and Blockchain. We will continue to invest in great entrepreneurs regardless of their location in the world, including the United Kingdom, and we are ready to help the United Kingdom in its ongoing encryption efforts.”
The report noted that the partner is originally scheduled to head encryption operations in the United Kingdom Jedam KrishnanStep down and join the Trump administration. Mark Andrink and Ben Horwitz, the founders of the company, are also supporters of Trump, Advice The new head of technology policyFT added.
The company’s move is following the last executive order designed to enhance encryption in the United States and look at create National digital assets stock. Encryption Prices rose Since Trump’s victory last year, with investors with a lighter organizational approach in this industry.
As mentioned here last week, Trump’s executive order touched on many of the encryption industry He wants, needs and Fears.
“Its explicit ban on the development of CBDC in the United States can stimulate creativity in the development of the private sector, and the regulatory clarity promise of Stablecoin Exporters can allow the focus on expanding the infrastructure and integrating their offers with current payment networks,” PYMNTS Books.
Unlike the previous federal directives that took a more cautious position than Blockchain, Trump was more firm, and to encourage innovation within the private sector. This axis emphasizes the recognition that Blockchain can play an important role in updating payment systems, which prevents shortcomings and enhancing security in the cross -border transactions.
For subsidies for payment services and financial institutions, it can provide guidance a Possible green light To invest in Blockchain solutions with less fear of organizational reaction from previous departments, “Pymnts books.
