In february 2025 a bill was introduced that made it illegal for banks and money transfer services to deny service to customers operating within the law for any reason other than them being a documented financial risk. This means that paypal cannot stop serving a website for its political viewpoints. However as of 2026, this bill is still sitting in committe with no sign of going to the senate for voting. What went wrong and why is no one trying to speed up the process?
>>108356130use-case for paypal?
technology?
>>108356130Because the US has more important things to deal with, thanks to that faggot who bathes in cheeto dust
>>108356141it started because hentai sites were being pulled down by bankers
It's businesses' responsibility to accept cryptocurrencies as a contingency against credit card censorship.It's customers' responsibility to avoid businesses that don't add this contingency to avoid censorship.
>>108356130>expecting criminals to legislate against criminals
>>108356130I dont understand. How does this law serve Israel?
>>108356130because the US is not a "free" country.
This smacks of something that that will just see payment processors think of loopholes to circumvent it. It has no teeth.
>>108356130It's never gonna happen because taking away their control over money would be the same as nuking Israel
>This means that paypal cannot stop serving a website for its political viewpoints.Use case?
>>108356233Well theoretically the government SHOULD want this sort of control. Currency is their responsibility and for an entity to refuse to perform an exchange of that currency is almost like deciding for themselves that money is only worth something when they deem it so. That shouldn't be tolerated by the government because the economy is not something dictated by credit processors because they didn't establish the medium of trade.But you know that won't happen due to lobbying. I'm not even sure why the government would take the side of credit processors, exactly (who does it benefit to give them that much soft power), but you know they would.
>>108356308i dunno chief. mandating that a private entity has to do business with someone they don't want to do business with, while also offering to use criminal background checks to gain viable exceptions... fuck the banks, fuck card processors. let them do what they want and just use Monero.
>>108356130stupid. let people associate freely. Bills like these will and should die in the committee. >>108356219forcing people to host content they disagree with and did not sign a contract to put disagreements aside is not freedom
>>108356130>that made it illegal for banks and money transfer services to deny service to customers operating within the law for any reason other than them being a documented financial risk.This would be great for the adult industry, hope it succeeds.
>>108356179It protects the ability of porn sites to accept credit cards. A bank would have to demonstrate that the particular porn company is a financial risk rather than a social risk. Historically, porn site have had lots of charge backs, which is something that a bank could point to as a financial risk if other businesses with similar charge backs are treated the same way.
>>108356130>money services>financial riskFuck, they're just pumping the bubble now? 2008 will be a walk in the park.
