Elon Musk

<ul class="wp-block-list news-points">
 <li><strong>Ripple CTO David Schwartz highlights the potential dangers of the government’s indirect regulation.&nbsp;</strong></li>
 <li><strong>Indirect regulation could lead to First Amendment violations and Fourth Amendment evasion.</strong></li>
 <li><strong>Elon Musk posits that debanking someone for their political views should be considered a federal crime.&nbsp;</strong></li>
</ul>
<p>Ripple’s Chief Technology Officer (CTO) David Schwartz criticized “Operation Chokepoint 2.0,” calling it a form of indirect government regulation. Schwartz argues that governments are pressuring banks and financial institutions to deny services to certain individuals or businesses, even without evidence of wrongdoing. In an X post, Schwartz condemned this practice as a “despicable evil” that undermines due process and the rule of law.</p>
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   <p lang="en" dir="ltr">Operation Chokepoint 2.0 was (is?) a government operation to pressure banks to unbank "disfavored" people and businesses, despite no evidence or accusations of unlawful conduct. The mechanism used, indirect regulation, is a despicable evil that is used as an end run around due… <a href="https://t.co/tMnXKfiF5D" target="_blank" rel="noopener noreferrer nofollow">https://t.co/tMnXKfiF5D</a></p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1862690495182643363?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 30, 2024</a>
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<h2 class="wp-block-heading" id="h-indirect-regulation-an-end-run-around-due-process">Indirect Regulation: An End Run Around Due Process?</h2>
<p>Schwartz ex…</p>
<p>The post <a href="https://coinedition.com/ripple-cto-blasts-chokepoint-2-0-a-despicable-evil-in-crypto-banking/" rel="noopener noreferrer nofollow">Ripple CTO Blasts Chokepoint 2.0: ‘A Despicable Evil’ in Crypto Banking</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple CTO Blasts Chokepoint 2.0: ‘A Despicable Evil’ in Crypto Banking

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