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Ilustration: Rebecca Zisser / Axios

Sequoia Capital partner Matt Huang is leaving the firm to start a cryptocurrency-focused fund with Coinbase co-founder Fred Ehrsam, as the WSJ reported and a source confirms to Axios.

Why it matters: Technology investors have become increasingly interested in the area, with a growing number of venture capital funds making both equity investments in startups as well as purchasing digital tokens from nascent projects.

The fund: The size and exact strategy is unclear at this time, though at Sequoia, Huang led investments in cryptocurrency hedge funds with various strategies, as well as in companies developing their own tokens. Sequoia will continue to invest in these technology areas, as well as in Huang and Ehrsam's fund.

Go deeper

Hundreds of corporations sign statement opposing restrictive voting bills

Former American Express CEO Kenneth Chenault. Photo: Earl Gibson III/WireImage)

Hundreds of companies and executives released a letter on Wednesday condemning legislation that restricts "any eligible voter from having an equal and fair opportunity to cast a ballot," per the New York Times.

Why it matters: It's the most concerted action yet by big business in opposition to GOP-sponsored bills at the state level that limit mail-in ballots, implement new voter ID requirements and slash registration options, among other measures.

47 mins ago - Axios Twin Cities

Brooklyn Center mayor in the spotlight after Daunte Wright shooting

Mike Elliott has moved swiftly after the death of Daunte Wright. Photo: Kerem Yucel/AFP via Getty Images)

The killing of Daunte Wright by a Brooklyn Center, Minn., police officer has thrust Mayor Mike Elliott into the national spotlight.

The big picture: Elliott, with the backing of the city council, has acted quickly and boldly in the wake of the shooting. He fired longtime city manager Curt Boganey, took control of the police department and called for the firing of officer Kim Potter, who resigned on Tuesday.

Exclusive: White House meeting with members of Problem Solvers Caucus

Members of the Problem Solvers Caucus discuss the COVID-19 relief bill in December. Photo: Oliver Contreras/Bloomberg via Getty Images

Top White House officials will meet Wednesday with a bipartisan coalition of House lawmakers as the administration tries to enlist moderates to support the president's infrastructure proposal.

Why it matters: The meeting is something of an olive branch after President Biden's team courted groups of progressives to back the $2.2 trillion package.