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Andreessen Horowitz to Close UK Office and Focus on U.S. Crypto Efforts 🇺🇸

The London building, opened in 2023 while UK Prime Minister Rishi Sunak was in office, will be shuttered in favor of focusing on the venture capital firm’s US operations.

Venture capital firm Andreessen Horowitz will be pulling back its operations in the UK in response to US President Donald Trump’s “strong policy momentum” on crypto.

In a Jan. 24 X post, Anthony Albanese, chief operating officer of Andreessen Horowitz’s crypto arm, said the firm had been encouraged by “enthusiasm for crypto building and adoption” in the UK but still planned to close its office. According to Albanese, the venture capital company intended to focus its efforts on the US market based on Trump’s actions during his first week in office.

“This doesn’t change our confidence in the UK’s growing role in crypto and blockchain,” said the a16z Crypto chief operating officer. “We will continue to invest in great entrepreneurs no matter where they are in the world, including the UK. We also remain ready to help the UK with its ongoing crypto efforts.”

"Disclaimer: This is for informational purposes only and not endorsed by Binance. Crypto investments are volatile and can lead to losses. Do your own research. Not financial advice."

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TikTok has gone offline in the U.S., hours before a new law banning the app was set to take effect. U.S. users received a notification explaining the temporary unavailability, with a mention that President Trump would work on a solution to restore TikTok once he takes office. The app has also been removed from both the Apple and Google app stores.

TikTok previously warned it would "go dark" unless the Biden administration provided assurances against enforcing the ban. Trump has suggested granting TikTok a 90-day reprieve upon taking office.

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