Under the Obama and Biden administrations, bank examiners were weaponized to blacklist certain politically out-of-favor customers.

A comprehensive House Financial Services Committee report found digital asset businesses in particular were improperly targeted along with the usual businesses the left hates: gun shops, low-dollar lenders, and vape shops, among others.

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The construct used to cut these businesses and various other political opponents off from the banking system was “reputational risk,” a concept so elastic no actual criminal or even improper activity needs to........

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