Former Congressman Patrick McHenry Joins Andreessen Horowitz as Advisor

Coin WorldWednesday, Feb 26, 2025 8:21 am ET
1min read

Former Chair of the U.S. House Financial Services Committee Patrick McHenry has joined Andreessen Horowitz (a16z) as an advisor. The announcement comes as the venture capital firm continues to expand its influence in the tech and finance sectors.

McHenry, who served as the Chair of the House Financial Services Committee from 2019 to 2021, brings a wealth of experience in financial policy and regulation to a16z. His addition to the team is expected to strengthen the firm's relationships with key stakeholders in the public and private sectors, as well as enhance its ability to navigate the complex regulatory landscape surrounding cryptocurrencies and other emerging technologies.

a16z has been increasingly active in the cryptocurrency and blockchain space, investing in a number of high-profile projects and startups. The firm's crypto fund, a16z crypto, has invested in several prominent cryptocurrency projects, including

, OpenSea, and Dfinity. McHenry's expertise in financial regulation and policy will be invaluable in helping a16z navigate the rapidly evolving regulatory environment for cryptocurrencies and blockchain technology.

In other news, a16z has also been expanding its presence in the Asia-Pacific region. The firm recently announced the launch of a new fund focused on investing in early-stage startups in the region. The fund, a16z Asia, will be led by former Sequoia Capital partner Connie Chan and will focus on investing in sectors such as artificial intelligence, biotechnology, and consumer internet.

The addition of McHenry to a16z's advisory team is a significant development for the firm, as it continues to grow its influence in the tech and finance sectors. With his extensive experience in financial policy and regulation, McHenry will be a valuable asset to a16z as it continues to invest in and support innovative startups and technologies in the cryptocurrency and blockchain space.

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