Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

Observers are calling this “Operation Choke Point 2.0,” an allusion to an unofficial Obama era policy in which banks were pressured to restrict access to the financial system for businesses such as gun sellers and pornographers. Regardless of the Securities and Exchange Commission’s spate of recent lawsuits against industry leaders and regardless of what some people in the wider population think of “crypto bros,” there is nothing inherently illegal about being a digital asset service provider. As with the Obama-era dragnet, this “shadow banning” of legal but politically unfavored activity is rightfully seen as a breach of those entity’s rights, which is probably why governments never formally admit that such policies exist.