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Former North Carolina congressman Patrick McHenryannouncedWednesday that he landed a occupation with VC firm Andreessen Horowitz . He will be a senior advisor .
His spot on X said little about what the business implicate , except to be urge for startups ( which a16z likes to call “ slight technical school ” ) with policymakers . Andreessen Horowitz did not directly respond to a request for comment .
McHenry spent 20 days in Congress before sack out in January . As chairman of the House Financial Services Committee , he was perhaps best sleep with for dressing down then SEC chair Gary Gensler .
Gensler had particularly become a bugbear in the crypto world , filing cause against cryptoexchanges like Coinbaseand threatening to sue others like Robinhood . Thecurrent SEC is busy cast off those suitsand investigation .
“ Under Chair Gensler , the SEC has become a rogue agency , ” said McHenryduring a hearing in September , accusing the SEC chair of “ regularization by enforcement . ”
Meanwhile , a16z , which has bring up $ 7.6 billion in fund dedicated to crypto / web3 technical school as of 2022 , has been plant itself into all things policy and regime lately . to begin with this calendar month , Brian Quintenz , who go policy for a16z ’s crypto team , say he ’s being appoint to headthe Commodity Futures Trading Commission ( CFTC ) , pending Senate confirmation . Plus , Sriram Krishnan , a former general better half at a16z , is also now a White House senior policy advisor ; Scott Kupor , one of the firm ’s managing partners , was tapped to leadthe Office of Personnel Management ; and Jamie Sullivan , another investor at the business firm , issaid to be advisingDOGE .
Andreessen Horowitz’sburgeoningAmerican Dynamism practice , which bet on inauguration in refutation and governing technical school , is also doing a lot of hiring , most recently addingformer Marine Daniel Pennyas an investor .
