Sen. Tim Scott on debanking hearing: The weaponization of our banking system should never happen (youtube.com)
Many, including Trump, think debanking has been happening, even from the major banks, and it has been targetting Republicans and people seen to be on the opposing side of Democrat goals. People like who use crypto or appear on podcasts that don't favorably present the Democrats. ... The banks say they have no choice, because lawmakers have created regulations where they have to debank people when ‘something is high risk’ (sex trafficking, money laundering, tax avoidance, ie you can suspect almost anyone of these unless you also put in place high standards of probable cause not just ‘risk of') in so many cases or pay huge fines.
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