- Ripple CTO David Schwartz highlights the potential dangers of the government’s indirect regulation.
- Indirect regulation could lead to First Amendment violations and Fourth Amendment evasion.
- Elon Musk posits that debanking someone for their political views should be considered a federal crime.
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.
Indirect Regulation: An End Run Around Due Process?
Schwartz ex…
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