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Ripple's Chief Technology Officer David Schwartz recently joined the list of tech founders opposing Operation Chokepoint 2.0- a government run de banking campaign targeting the cryptocurrency industry. Schwartz stated that the government is "addicted to indirect regulation" and listed four reasons why de banking undermines the rule of law. Schwartz believes that de banked entities will change service providers or transfer funds underground, thereby completely evading surveillance and sanction controls. The Chief Technology Officer also stated that canceling banking services would undermine due process, freedom of speech, and the right to oppose illegal searches and seizures. @ftor26
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